IPO Details
Bidding Dates
09 Sept 24 - 11 Sept 24
Price Range ₹
66 - 70
Total Equity
₹ 0.00Cr
Lot Size
214
Exchange Status
NSE,BSE
IPO Doc
Subscription Rate
Non-Institutional Investor
7.04×
Qualified Institutional Buyers
209.36×
Employees
2.05×
Retail Investors
7.04×
Total subscription Rate
63.61×
IPO Timeline
Offer start
09 Sept 2024
Offer end
11 Sept 2024
Allotment
12 Sept 2024
Refund initiation
13 Sept 2024
Demat transfer
13 Sept 2024
Listing
16 Sept 2024
Offer start
09 Sept 2024
Offer end
11 Sept 2024
Allotment
12 Sept 2024
Refund initiation
13 Sept 2024
Demat transfer
13 Sept 2024
Listing
16 Sept 2024
About Company
Founded in 2008, Bajaj Housing Finance is a non-deposit-taking Housing Finance Company (HFC) that has been registered with the National Housing Bank (NHB) since 2015. It began offering mortgage loans in the financial year 2018. A part of the Bajaj Group, which has diversified interests across various sectors, Bajaj Housing Finance provides tailored financial solutions to both individuals and businesses for the purchase and renovation of residential and commercial properties. The company's comprehensive mortgage product portfolio includes: 1. Home loans 2. Loans against property (LAP) 3. Rent concessions 4. Developer finance As of March 31, 2024, Bajaj Housing Finance served 308,693 active customers, with home loan customers accounting for 81.7% of its total base. The company operates a wide network of 215 branches across 174 locations in 20 states and three union territories. This is supported by six centralized retail loan review centers and seven centralized loan processing centers.
Year Founded
13-06-2008
Promotor Details
Sanjivnayan Bajaj
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 0 |
| Share Capital | 7819575373 | 0 |
Project Details
- None - Nonecr
Objectives
- Our Company proposes to utilise the Net Proceeds from the Fresh Issue towards augmenting our capital base to meet future business requirements of our Company towards onward lending
Highlights
- Backed by the well-established and trusted "Bajaj" brand, known for reliability and recognition across retail markets.
- The second-largest HFC in India by AUM, showcasing a proven track record of growth with a diversified product portfolio.
- Strategic focus on an omni-channel presence, driven by customer-centric digital initiatives and cutting-edge technology.
- Well-defined credit evaluation and risk management practices leading to the lowest GNPA and NNPA in the sector.
- Diversified and economical borrowing sources, supported by the highest possible credit ratings from major agencies.
Challenges
- Inability to recover the full value of collateral or loans from defaulted borrowers could significantly impact cash flow and financial health.
- The company's portfolio is significantly tied to the real estate sector, and any downturn in this market could lead to higher impairment losses and reduced profitability.
- Non-compliance with RBI regulations or changes in provisioning requirements could negatively affect the company's financial results.
- A substantial portion of assets is concentrated in specific states and New Delhi, making the company vulnerable to regional economic downturns.
- Failure to comply with financial and other covenants under debt agreements could disrupt business operations and hurt financial performance.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2017 | 325.77 | 350.00 | -6,96,42,110.00 | -6,96,41,850.00 | -3.3163 |
| 2018 | 4,704.25 | 1,550.00 | 0.60 | 0.60 | 0.0171 |
| 2019 | 19,249.40 | 3,550.00 | 104.16 | 104.16 | 0.2934 |
