Bajaj Housing Finance Limited IPO: Analysis, GMP & Subscription Status

Introduction

Bajaj Housing Finance Limited, a key player in the housing finance sector, is set to launch its Initial Public Offering (IPO) on September 9, 2024. As a subsidiary of Bajaj Finserv Limited, the company has established a strong presence in the market. This blog will provide you with all the essential details about the IPO, including the price band, lot size, financial performance, Grey Market Premium (GMP), and subscription statistics.

Bajaj Housing Finance Limited IPO Details

• Price Band: ₹66 to ₹70 per share
• Face Value: ₹10 per share
• Lot Size: 214 Shares
• Total Issue Size: 937,142,858 shares, aggregating up to ₹6,560.00 Crores
  • Fresh Issue: 508,571,429 shares, aggregating up to ₹3,560.00 Crores
  • Offer for Sale: 428,571,429 shares, aggregating up to ₹3,000.00 Crores
• Listing At: BSE, NSE
• Issue Type: Book Built Issue IPO
• Shareholding Pre-Issue: 7,819,575,273 shares
• Shareholding Post-Issue: 8,328,146,702 shares

Important Dates for Bajaj Housing Finance Limited IPO

• IPO Open Date: Monday, September 9, 2024
• IPO Close Date: Wednesday, September 11, 2024
• Basis of Allotment: Thursday, September 12, 2024
• Initiation of Refunds: Friday, September 13, 2024
• Credit of Shares to Demat: Friday, September 13, 2024
• Listing Date: Monday, September 16, 2024
• Cut-off time for UPI mandate confirmation: 5 PM on September 11, 2024

Financial Performance of Bajaj Housing Finance Limited

Bajaj Housing Finance Limited has shown robust financial growth over the last few fiscal years. Below is a summary of its financial performance:

These figures reflect the company’s strong financial health, showcasing its ability to maintain consistent growth.

Objectives of the IPO

The funds raised from the IPO will be utilized for:

• Expanding the company's loan portfolio.
• Enhancing the capital base to support future growth.
• General corporate purposes.

IPO Grey Market Premium (GMP) and Subscription Stats

IPO Grey Market Premium (GMP)

The Grey Market Premium (GMP) will be updated as the IPO progresses, providing insight into investor sentiment.

IPO Subscription Stats

These statistics will be updated daily, reflecting investor interest and response to the IPO.

Risks Involved

Investors should be aware of the risks associated with investing in Bajaj Housing Finance Limited IPO, including market volatility, changes in the housing finance sector, and regulatory risks. It is advisable to review the company’s Draft Red Herring Prospectus (DRHP) and consult with financial advisors before making any investment decisions.

How to Apply for Bajaj Housing Finance Limited IPO

Investors can apply through the ASBA process via banks and financial institutions. Retail investors also have the option to apply using UPI for payments. The minimum bid lot is 214 shares, with applications being accepted in multiples thereof.

Conclusion

The Bajaj Housing Finance Limited IPO presents a promising opportunity for investors looking to gain exposure to a well-established company in the housing finance sector. With a solid financial background and a clear growth strategy, this IPO could be a valuable addition to your investment portfolio. However, as with any investment, thorough research and risk assessment are essential.

Headlines

1. Bajaj Housing Finance Limited IPO 2024: Key Dates, Financials, and How to Apply
2. Investing in Bajaj Housing Finance Limited IPO: GMP, Subscription Stats, and More
3. Complete Guide to Bajaj Housing Finance Limited IPO 2024
4. Bajaj Housing Finance Limited IPO: Financial Overview and Investment Risks
5. How to Apply for Bajaj Housing Finance Limited IPO: Important Dates and Lot Size
6. Bajaj Housing Finance Limited IPO Grey Market Premium (GMP) and Subscription Analysis