Bajaj Housing Finance IPO subscription status started on September 09, 2024, and closed on September 11, 2024. The company aims to raise approximately ₹6560.00 crore via this IPO. The retail quota is 35%, NII 15% and QIB is 50%. The price band is fixed at ₹63 to ₹70 per equity share.
The IPO consists of a minimum market lot of 214 Shares requiring an application amount of ₹14,980. Bajaj Housing Finance is a Mainboard IPO that will be listed on the NSE & BSE.
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IPO Overview
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 has been engaged in mortgage lending since Fiscal 2018. Moreover, as of September 30, 2022, it has been classified as an “Upper Layer” NBFC (NBFC-UL) by the RBI under the “Scale Based Regulations (SBR)” framework.
The company offers a range of financial solutions for the purchase and renovation of homes and commercial spaces. Specifically, its comprehensive mortgage product suite includes home loans, loans against property (LAP), lease rental discounting, and developer financing. Additionally, their primary focus is on individual retail housing loans, while also providing a diverse range of lease rental discounting and developer loans. Consequently, they cater to both individual home buyers and large-scale developers.
As of March 31, 2024, Bajaj Housing Finance Limited stands out as a leading HFC in India across various metrics:
- It is the largest non-deposit-taking HFC in terms of AUM within just seven years of commencing mortgage operations.
- Furthermore, it ranks as the second-largest HFC and the eighth-largest NBFC-UL in terms of AUM, with ₹913,704.0 million.
- Additionally, it is the second most profitable HFC in India, demonstrating strong returns on average assets and equity for Fiscal 2024.
- Notably, it has been one of the fastest-growing HFCs/NBFC-ULs based on AUM CAGR from Fiscal 2022 to 2024.
- Moreover, it offers the most diversified suite of mortgage lending products among HFCs in India.
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We advise investors to consider applying for an IPO with a long-term perspective. It’s also important to review the QIB, NII, and Retail subscription figures before making an investment decision.
Bajaj Housing Finance IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 1.14 | 7.91 | 222.05 |
| NII | 4.62 | 17.50 | 43.96 |
| bNII | 4.77 | 19.08 | 50.53 |
| sNII | 4.32 | 14.36 | 30.81 |
| RII | 1.62 | 4.14 | 7.38 |
| Total | 2.15 | 8.01 | 67.41 |
Bajaj Housing Finance IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, Mutual Funds
- Non-Institutional Investors (NII): Individual Investors, NRIs, Companies, Trusts, etc.
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
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- Must Apply
Bajaj Housing Finance IPO Form
To apply for the Bajaj Housing Finance IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The IPO subscription starts on September 09, 2024, for NII, QIB, and Retail Investors.
You can apply through ASBA and non-ASBA options via your bank account, broker, or UPI app.
Visit our portal for live IPO subscription numbers updated hourly. Live data is also available on the official IPO page.
Log in to Zerodha Console, select the IPO and complete your bid. Approve the mandate via UPI.
Open Zerodha Demat Account
Log in to Angel One, select the IPO and complete your bid. Approve the mandate via UPI.
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Log in to Paytm Money, select the IPO, and complete your bid. Approve the mandate via UPI.
Open Paytm Money Demat Account
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