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Bajaj Housing Finance Limited IPO And Its GMP
Bajaj Housing Finance Limited is a non-deposit-taking Housing Finance Company (“HFC”), registered with the National Housing Bank (“NHB”) since September 24, 2015 and engaged in mortgage lending since Fiscal 2018. They have been identified and categorized as an “Upper Layer” NBFC ("NBFC-UL”) in India by the RBI since September 30, 2022, as part of its “Scale Based Regulations (SBR): A Revised Regulatory Framework for NBFCs” dated October 22, 2021.
The company offers financial solutions tailored to individuals and corporate entities for the purchase and renovation of homes and commercial spaces.
Their mortgage product suite is comprehensive and comprises:
- • Home loans.
- • Loans against property (“LAP”).
- • Lease rental discounting.
- • Developer financing.
Book Running Lead Managers:
- • Kotak Mahindra Capital Company Limited
- • BofA Securities India Limited
- • Axis Capital Limited
- • Goldman Sachs (India) Securities Private Limited
- • SBI Capital Markets Limited
- • JM Financial Limited
- • IIFL Securities Ltd
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Bajaj Housing Finance Limited IPO And Its GMP GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-09-16 | 70 | 72 (102.86%) | 2024-09-16 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Bajaj Housing Finance Limited IPO And Its GMP Details
| Detail | Description |
|---|---|
| IPO Date | September 9, 2024 to September 11, 2024 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Price Band | ₹66 to ₹70 per share |
| Lot Size | 214 Shares |
| Total Issue Size | 937,142,858 shares (aggregating up to ₹6,560.00 Cr) |
| Fresh Issue | 508,571,429 shares (aggregating up to ₹3,560.00 Cr) |
| Offer for Sale | 428,571,429 shares of ₹10 (aggregating up to ₹3,000.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 7,819,575,273 |
| Share holding post issue | 8,328,146,702 |
Bajaj Housing Finance Limited IPO And Its GMP Timeline
| Detail | Description |
|---|---|
| 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 |
Bajaj Housing Finance Limited IPO And Its GMP Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 214 | ₹14,980 |
| Retail (Max) | 13 | 2782 | ₹194,740 |
| S-HNI (Min) | 14 | 2,996 | ₹209,720 |
| S-HNI (Max) | 66 | 14,124 | ₹988,680 |
| B-HNI (Min) | 67 | 14,338 | ₹1,003,660 |
Bajaj Housing Finance Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Bajaj Housing Finance Limited IPO And Its GMP Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 100.00% | - |
Company & Financials
Founded in 2008, Bajaj Housing Finance is a non-deposit-taking Housing Finance Company (HFC) registered with the National Housing Bank (NHB) since 2015 and has been offering mortgage loans since the financial year 2018. The company is part of the Bajaj Group, a diversified group of companies with interests in various sectors. Bajaj Housing Finance provides customized financial solutions to individuals and corporations for the purchase and renovation of homes and commercial spaces.
- The company's mortgage product range is comprehensive and includes:
- 1. Home loans.
- 2. Loan against property (LAP).
- 3. Rent concessions.
- 4. Developer finance.
As of March 31, 2024, the company had 308,693 active customers, of which 81.7% were home loan customers. The Company has a network of 215 branches in 174 locations across 20 states and three union territories, overseen by six centralized retail loan review centers and seven centralized loan processing centers.
Competitive Strength:
- -
Bajaj Housing Finance Limited IPO And Its GMP Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 June 2024 | 88,538.83 | 2,208.73 | 482.61 | 14,719.91 | - | 73,347.06 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 81,827.09 | 7,617.71 | 1,731.22 | 12,233.5 | - | 69,129.32 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 64,654.14 | 5,665.44 | 1,257.8 | 10,503.19 | - | 53,745.39 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 48,527.08 | 3,767.13 | 709.62 | 6,741.36 | - | 41,492.32 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| - | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | ||
| P/E (x) |
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