Introduction
The Bajaj Housing Finance Limited (BHFL) IPO is one of the most anticipated public offerings of 2024. As a subsidiary of Bajaj Finance, BHFL operates primarily in the home loan sector and has shown significant growth over the years. The IPO is set to raise around ₹6,560 crores through this public offering.
IPO Details
- Issue Size: ₹6,560 crores
- Price Band: ₹66 to ₹70 per equity share
- Lot Size: The exact lot size has not been officially confirmed but is expected to be announced soon.
- Issue Opening Date: September 9, 2024
- Issue Closing Date: September 12, 2024
- Listing Date: Shares will be listed on BSE and NSE on September 16, 2024.
Investor Quotas
- Qualified Institutional Buyers (QIB): 50%
- Non-Institutional Investors (NII): 15%
- Retail Investors: 35%
Company Overview
Bajaj Housing Finance operates as a leading financial institution, providing home loans, loan against property, and developer finance. The company has grown its asset base steadily over the years, leveraging the parent company’s strong financial network. The company is expected to use the IPO proceeds for debt reduction and to fuel future growth and expansion plans.
How to Apply
Investors can apply for the Bajaj Housing Finance IPO through various platforms:
- ASBA (Applications Supported by Blocked Amount) via online bank accounts.
- UPI-based applications through brokerage platforms like Zerodha, Upstox, or Paytm Money.
GMP (Grey Market Premium)
Though the grey market premium (GMP) is not officially confirmed, early indicators suggest a positive outlook, reflecting investor interest in the IPO.
Final Thoughts
Bajaj Housing Finance’s strong backing by Bajaj Finance makes this IPO an attractive opportunity for investors. With the real estate sector picking up pace and the company’s consistent financial performance, investors are eyeing it as a solid bet. However, prospective buyers should always perform their due diligence before making investment decisions.
Disclaimer
