Bajaj Housing Finance Limited (MAINBOARD)

Sep 9, 2024 - Sep 11, 2024

Price ₹66 - ₹70
Premium ₹72
Lot size 214
Allotment Sep 13, 2024
Listing Sep 16, 2024

Category Lot(s) Qty Amount Reserved
Retail 1 214 14980 1369159
sHNI 14 2996 209720 13971
bHNI 67 14338 1003660 27942

Last updated on 11-Sep-2024 19:56:17

CategoryOfferedAppliedTimes
QIBs16742858037177059692222.05
HNIs125571430553544041644.08
 HNIs 10+83714286423025784050.53
 HNIs 2+41857143130518257631.18
Retail29300000022091359107.54
Employees28571428639344262.24
Shareholders71428571133182707418.65
Total6860000094631739751867.52
Application Wise Breakup (Approx)
CategoryReservedAppliedTimes
HNIs (10L+)279422455388.79
HNIs (2-10L)1397139249828.09
Retail136915973354255.36
Shareholder-936447-
Employee-163652-
Total Applications: 9073560
© IPO Premium
Subscription Demand (in ₹ crore)
CategoryOfferedDemandTimes
QIBs1172260239.42222.05
FIIs-108178.9-
DIIs-87092.1-
Mutual funds-27715.57-
Others-29417.69-
HNIs87938748.0844.08
HNIs 10+58629611.850.53
HNIs 2+2939136.2831.18
Retail205115463.957.54
Employees200447.542.24
Shareholders5009322.7918.65
Total4802324221.7867.52
QIB Interest Cost per share (7 Days)
@7%
₹20.87
@8%
₹23.85
@9%
₹26.83
@10%
₹29.81
@11%
₹32.79
@12%
₹35.77
About


In the Bajaj Housing Finance IPO, the shareholder quota has 3,33,778 lots available for allotment, and the allotment will be done on a proportional basis. The maximum application limit for the shareholder quota is up to ₹2 lakh. This means shareholders can apply for multiple lots, but the total application value must not exceed ₹2 lakh.
Bajaj Housing Finance IPO Details

Total Issue Size[937,142,858] shares
(aggregating up to ₹6560.00 Cr)
Fresh Issue[508,571,429] shares
(aggregating up to ₹3560.00 Cr)
Offer for Sale[428,571,429] shares of ₹10
(aggregating up to ₹3,000.00 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue7,819,575,273
Share holding post issue8,328,146,702

Bajaj Housing Finance IPO Reservation

Investor CategoryShares Offered
QIB Shares OfferedNot more than 50.00% of the Net offer
Retail Shares OfferedNot less than 35.00% of the Offer
NII (HNI) Shares OfferedNot less than 15.00% of the Offer
Reservation Quota
(Shareholder)
 Not more than 10.00% of the Offer

Key Performance Indicators

KPIMar-24Mar-23Mar-22
ROE15.20%14.60%11.10%
RONW15.20%14.60%11.10%
D/E5.75.16.2
EPS
(basic)
2.61.91.5
P/E
Pre IPO
31.62
P/E
Post IPO
30.2


Financial Statement (Restated)

Period EndedJun-24Mar-24Mar-23Mar-22
Assets88,538.8381,827.0964,654.1448,527.08
Revenue2,208.737,617.715,665.443,767.13
Profit After Tax482.611,731.221,257.80709.62
Net Worth14,719.9112,233.5010,503.196,741.36
Reserves and Surplus4,252.835,520.813,791.031,858.03
Total Borrowing73,347.0669,129.3253,745.3941,492.32
Amount in Crore

About Company

Incorporated in June 2008, Bajaj Housing Finance Limited (BHFL), a subsidiary of Bajaj Finance Limited, stands as a prominent player in India's financial sector, particularly within the Non-Banking Financial Company (NBFC) landscape. Classified as an 'Upper-Layer NBFC' by the Reserve Bank of India (RBI) under its Scale Based Regulations, BHFL specializes in offering a wide array of financial products, including home loans, loans against property, and working capital solutions for businesses. Headquartered in Pune, BHFL caters to both individual and corporate clients, with a strong focus on the real estate sector. The company’s robust financial health is underscored by its AAA/Stable and A1+ credit ratings from CRISIL and India Ratings, reflecting its high creditworthiness and stable outlook in both long-term and short-term debt programmes. BHFL's comprehensive service portfolio and strong market presence position it as a trusted financial partner for over 308,693 customers across India, with a total of 2,372 employees as of March 2024.

Lead Manager(s)
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 
Strength

Strong Brand Heritage: The “Bajaj” brand is well-established and recognized for reliability, contributing to significant brand equity.

Market Leadership: As the second largest housing finance company (HFC) in India by assets under management (AUM), the company boasts a strong growth trajectory and a diversified portfolio.

Advanced Omni-Channel Strategy: The Company employs a strategic omni-channel sourcing approach, leveraging customer-focused digital initiatives and technology to enhance its market presence and operational efficiency.

Weakness

Collateral Recovery Risks: Inability to fully recover collateral value or outstanding sums from defaulted loans could negatively impact the company's financial health and cash flows.

Non-Performing Assets: Difficulty in managing gross non-performing assets (NPAs) or maintaining adequate provisioning could adversely affect financial stability and results.

Covenant Compliance: Failure to comply with financial and other covenants in debt financing agreements may harm the company’s business, results of operations, and financial condition.

Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: bhfl.ipo@kfintech.com