Bajaj Housing Finance Limited

Bajaj Housing Finance Limited

Mainboard NSE & BSE 100% Book Built Offer
Closed

Price Band

₹66 - ₹70

Total Issue

₹6,560.00 Cr

Bid Dates

09 Sep - 11 Sep

Subscription

63.61x

Est. GMP

₹80 (114.29%)

Website RHP Check Allotment

Bajaj Housing Dates

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

We are a non-deposit taking Housing Finance Company registered with the National Housing Bank since September 24, 2015, offering tailored financial solutions for purchasing and renovating residential and commercial properties. We have also been identified and categorized as an “Upper Layer” NBFC by the RBI in India and our comprehensive mortgage products include home loans, loans against property, lease rental discounting and developer financing. We primarily focus on individual retail housing loans, supported by a diverse range of commercial and developer loans, serving customers from homebuyers to large developers.

Bajaj Housing Lot Size

Lot Information for Bajaj Housing
Category Lots Shares Amount
Lot information not available

Category Reservation

QIB 50%
NII 15%
Ret 35%
Employee
Rs. 200 Crores
Shareholder
Rs. 500 Crores

Bajaj Housing Size

Total ₹6,560.00 Cr
Fresh Issue
₹3,560.00 Cr (50.86 Cr Shares)
Offer For Sale
₹3,000.00 Cr (42.86 Cr Shares)

Objects of IPO

  1. Augmenting our capital base to meet future business requirements of our Company for lending.

Bajaj Housing Live Subscription

Updated as on 11-Sep-2024 19:00:00

Mainboard Subscription Status for Bajaj Housing
Category Sub (x) Offered Bids

Subscription data excludes the Anchor Investor portion.

Bajaj Housing GMP

GMP ₹80
Est. Price ₹150
Est. Gain 114.29%

Peer Comparison

(Rs. in crores)

Bajaj Housing Peer Comparison Table
Particulars Bajaj Housing LIC Housing PNB Housing Can Fin Homes Aadhar Housing Aavas Financiers Aptus Value Housing Home First
Revenue from Ops (in Crs.) 7,617.71 27,277.80 7,057.09 3,524.69 2,586.98 2,020.69 1,416.84 1,156.55
PAT (In Crs.) 1,731.22 4,765.41 1,527.42 750.69 748.51 490.69 480.62 305.70
EPS - Basic 2.60 86.50 58.40 56.40 19.00 62.00 12.30 34.70
NAV per share 18.20 572.30 576.60 326.20 104.30 476.80 75.50 239.70
RONW 15.20% 16.20% 11.60% 18.80% 18.40% 13.90% 17.20% 15.50%
ROAE 15.20% 16.30% 11.80% 18.80% 18.40% 13.90% 14.70% 15.50%
ROAA 2.40% 1.70% 2.50% 2.30% 4.90% 3.90% 7.50% 4.30%
Price to earning (PE) 26.92 7.70 14.10 15.00 21.40 26.80 25.00 30.30
  • All information pertains to FY 2023-24.
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of August 19, 2024 for Peers

Financials

(Rs. in crores)

Financial Performance Metrics for Bajaj Housing
Particulars Sep-24 Mar-24 Mar-23 Mar-22
Revenue from Operations 2,208.73 7,617.71 5,665.44 3,767.13
Profit after Tax 482.61 1,731.22 1,257.80 709.62
Net Worth 14,719.91 12,233.50 10,503.19 6,741.36
Total Borrowing 73,347.06 69,129.32 53,745.39 41,492.32
Total Assets 88,538.83 81,827.09 64,654.14 48,527.08
NAV per share (in ₹) 18.80 18.20 15.60 13.80
EPS - Basic (in ₹) 0.60 2.60 1.90 1.50

KPIs

Cost of Borrowing

7.60%

Net Interest Margin

4.10%

RONW

15.20%

ROAE

15.20%

ROAA

2.40%

Debt to Equity

5.70

  • All information pertains to FY 2023-24.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Promoter Holding

Promoter

100.00%

Public

0.00%

Management

Sanjivnayan Bajaj Chairman
Atul Jain Managing Director
Gaurav Kalani CFO

Registrar & Lead Managers

Registrar

KFin Technologies

KFin Technologies

Frequently Asked Questions

What is Bajaj Housing?
Bajaj Housing is a Mainboard IPO having an issue size of ₹6,560.00 Crs. Bajaj Housing is priced at ₹66 - ₹70 per share. The issue opens on 09 Sep 24 and closes on 11 Sep 24.
When will Bajaj Housing open?
Bajaj Housing opens on 09 Sep 24 and closes on 11 Sep 24.
What is the GMP of Bajaj Housing?
The estimated Grey Market Premium of Bajaj Housing is ₹80 per share (114.29%).
What is the lot size of Bajaj Housing?
The minimum lot size of Bajaj Housing is 214 shares & the minimum application amount is Rs. 14980.
When is the allotment of Bajaj Housing?
The allotment date of Bajaj Housing is 12 Sep 24.
What is the listing date of Bajaj Housing?
The listing date of Bajaj Housing is 16 Sep 24.
What is the subscription of Bajaj Housing?
Bajaj Housing is subscribed 63.61 times.
What is the price band of Bajaj Housing?
Bajaj Housing is priced at ₹66 - ₹70 per share.
How to check allotment status of Bajaj Housing?
Click the allotment link on Bajaj Housing page of IPO360.
How to apply Bajaj Housing in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Bajaj Housing in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Bajaj Housing using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Bajaj Housing from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date