Bajaj Housing Finance Limited (BHFL), a subsidiary of Bajaj Finance Limited, is launching its Initial Public Offering (IPO). It has a steady growth trajectory and strong backing from its parent company, Bajaj Finance Limited. We will explore the details of this IPO and the company, its strengths, and how you can apply for it using HDFC Sky’s One Click feature in this article.
About Bajaj Housing Finance
Home loans, loan against property (LAPs), lease rental discounting (LRDs), and developer financing are among the products offered by Bajaj Housing Finance, a subsidiary of Bajaj Finance Limited. Known for its quick disbursements, competitive rates, and flexible structures, it has become a trusted name in housing finance. Because of Bajaj Finance’s strong financial foundation and market position, the company thrives in India’s competitive housing finance sector.
Bajaj Housing Finance Financials
| Period Ended | June 30, 2024, | March 31, 2024, | March 31, 2023, | March 31, 2022, |
| Assets | 88,538.83 | 81,827.09 | 64,654.14 | 48,527.08 |
| Revenue | 2,208.73 | 7,617.71 | 5,665.44 | 3,767.13 |
| Profit After Tax | 482.61 | 1,731.22 | 1,257.8 | 709.62 |
| Net Worth | 14,719.91 | 12,233.5 | 10,503.19 | 6,741.36 |
| Reserves and Surplus | 4,252.83 | 5,520.81 | 3,791.03 | 1,858.03 |
| Total Borrowing | 73,347.06 | 69,129.32 | 53,745.39 | 41,492.32 |
IPO Details
- IPO Size: The Bajaj Housing Finance IPO is a book-built issue with a face value of ₹10, amounting to ₹6,560.00 crores.
- Price Band: The price band for the IPO is set at ₹66 to ₹70 per share.
- IPO Dates: The IPO opens on September 9, 2024, and closes on September 11, 2024.
- Issue Type: The IPO is a mix of fresh issue of 50.86 crore shares, raising ₹3,560.00 crores, along with an offer for sale of 42.86 crore shares, totalling ₹3,000.00 crores.
- Lot Size and Minimum Investment: The minimum lot size is 214 Shares. The minimum investment amount required is ₹14,980.
SNII (small non-institutional investors) can invest in a minimum of 14 lots (2,996 shares), amounting to ₹209,720, and bNII (big non-institutional investors) can invest in 67 lots (14,338 shares), amounting to ₹1,003,660.
- Listing Exchanges: Shares will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Objectives of the IPO
In the Bajaj Housing Finance IPO, funds will be raised to expand the company and enhance its brand. The funds will support loan book growth, portfolio diversification, new customer segments, and affordable housing. Consumers and investors will trust and respect the company more when it becomes public, increasing visibility and credibility.
Key Strengths of Bajaj Housing Finance
Bajaj Housing Finance excels in the housing finance sector due to several strengths.
- Strong Parentage: As a subsidiary of Bajaj Finance, it benefits from robust financial backing and brand trust.
- Innovative Products: It offers various mortgage solutions like affordable home loans, LAP, and developer financing.
- Technology Integration: Seamless online applications and quick loan approvals enhance customer experience.
- Solid Customer Base: Its focus on value and convenience has cultivated a loyal customer base.
- Cost Efficiency: Competitive rates are offered through an efficient cost structure.
- Diversified Loan Book: A well-balanced portfolio reduces risk and ensures stability.
How to Apply for the IPO Using HDFC Sky’s One-Click Feature?
Here is a step-by-step guide to applying for the Bajaj Housing Finance IPO using HDFC Sky’s One Click feature:
- Log in to HDFC Sky: Start logging into your HDFC Sky account.
- Navigate to IPO Section: Once logged in, go to the IPO section under the ‘Profile’ and ‘Indian Stocks’ tabs on the dashboard.
- Select Bajaj Housing Finance IPO: Find the list of IPOs and choose the Bajaj Housing Finance IPO. Click ‘Apply Now’.
- Use the One-Click Feature: The One Click button will pre-fill your details and show the number of shares you can apply for.
- Confirm Application: Review the pre-filled information and confirm your application. Enter the number of lots for your bid.
- Payment: Pay via UPI, then approve the mandate through your UPI or banking app.
- Check Allotment Status: After the IPO closes, check your allotment status on HDFC Sky. If allotted, shares will appear in your Demat account.
HDFC Sky is an online investment platform that simplifies stock market transactions, including IPO apps. It offers easy navigation, a One-Click feature for quick applications, and seamless integration with UPI payments.
