The buzz around the Bajaj Housing Finance IPO is palpable as it opens for subscription from September 9 to September 11, 2024. As one of the prominent names in the housing finance sector, Bajaj Housing Finance is offering a substantial investment opportunity that appeals to investors keen on capitalizing on its market strength and future potential. Let’s look into the IPO’s key details, and compare it to previous Bajaj Group IPOs, providing investors with a comprehensive understanding.
Key Details of the Bajaj Housing Finance IPO
The Bajaj Housing Finance IPO offers a significant chance for investors to engage with a leading player in the housing finance sector. Here are the essential details:
| Detail | Information |
|---|---|
| IPO Date | September 9, 2024, to September 11, 2024 |
| Listing Date | September 16, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹66 to ₹70 per share |
| Lot Size | 214 shares |
| Total Issue Size | ₹6,560 Crores (comprising a fresh issue and offer for sale) |
| Fresh Issue | 50.86 crore shares (aggregating up to ₹3,560 Crores) |
| Offer for Sale | 42.86 crore shares (aggregating up to ₹3,000 Crores) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding Pre-Issue | 7,819,575,273 shares |
| Shareholding Post-Issue | 8,328,146,702 shares |
Upcoming IPO Timeline
- IPO Open Date: September 9, 2024
- IPO Close Date: September 11, 2024
- Basis of Allotment: September 12, 2024
- Initiation of Refunds: September 13, 2024
- Credit of Shares to Demat: September 13, 2024
- Listing Date: September 16, 2024
- UPI Mandate Confirmation Cut-off: 5 PM on September 11, 2024
Bajaj Housing Finance IPO Lot Size and Reservation
Investors can apply in specified lot sizes, ensuring diverse participation:
- Retail Minimum: 1 lot (214 shares) – ₹14,980
- Retail Maximum: 13 lots (2,782 shares) – ₹194,740
- S-HNI Minimum: 14 lots (2,996 shares) – ₹209,720
- B-HNI Minimum: 67 lots (14,338 shares) – ₹1,003,660
Reservation breakdown ensures broad investor engagement:
- QIBs: Up to 50% of the net offer
- Retail: At least 35% of the offer
- NII (HNI): At least 15% of the offer
Promoter Holding Details
The company is promoted by Bajaj Finance Limited and Bajaj Finserv Limited, holding 100% pre-issue shares.
Advantages of Investing in the Bajaj Housing Finance IPO
- Established Market Position: Bajaj Housing Finance is well-regarded in the housing finance sector with a robust financial structure.
- Expansion Plans: The capital raised will support future growth, potentially boosting long-term profitability.
- Attractive Pricing: The price band is set to appeal to a wide range of investors.
- Portfolio Diversification: Investing in this IPO provides an opportunity to diversify portfolios with a reputable company.
Comparison with Previous Bajaj IPO Offerings
- Scale and Scope: With a ₹6,560 Crore issue size, this IPO is notably large, highlighting the company’s expansion goals.
- Competitive Pricing: The pricing is attractive compared to other recent IPOs.
- Market Position: Part of the esteemed Bajaj Group, this IPO benefits from a strong financial heritage.
The Bajaj Housing Finance IPO offers a promising investment opportunity with its strategic growth plans and robust market position.
When is the Bajaj Housing Finance IPO date?
September 9, 2024, to September 11, 2024
When is the Bajaj Housing Finance stock listing date?
September 16, 2024
