Picture: Bajaj Housing Finance is a non-deposit-taking housing finance firm registered with the Nationwide Housing Financial institution (NHB) since 2015, providing mortgage loans.
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The much-awaited preliminary public providing (IPO) of Bajaj Housing Finance will kick off for bidding on September 9, Monday and the three-day bidding for the Bajaj Group-backed concern will conclude on September 11, Wednesday. The corporate has filed its crimson herring prospectus (RHP) for a similar.
Bajaj Housing Finance is eyeing to boost a complete of Rs 6,560 crore through its main stake sale, which features a recent share sale of Rs 3,560 crore and Rs 3,000 crore through offer-for-sale (OFS) by its promoters and present shareholders. The value band for the problem shall be introduced on Tuesday, September 3 and the anchor for the problem will open on Friday, September 6.
The corporate could have a reservation for the shareholders of Bajaj Finance and Bajaj Finance. Traders, who held both Bajaj Finance or Bajaj Finserv shares as of August 30, 2024, of their demat accounts will likely be eligible to use the shareholder’s quota. Extra particulars are awaited but.
The newest gray market premium (GMP) for Bajaj Housing Finance shot up sharply to Rs 65 per share even earlier than the worth band for the problem was introduced. Nevertheless, the premium within the unofficial markets stood at Rs 40 on Friday.
Kotak Mahindra Capital Firm, Bofa Securities India, Axis Capital, Goldman Sachs (India) Securities, SBI Capital Markets, JM Monetary, and IIFL Securities are the book-running lead managers of the Bajaj Housing Finance IPO, whereas Kfin Applied sciences is the registrar for the problem.
Based in 2008, Bajaj Housing Finance is a non-deposit-taking housing finance firm (HFC) registered with the Nationwide Housing Financial institution (NHB) since 2015 and has been providing mortgage loans for the reason that monetary yr 2018. The corporate is a part of the Bajaj Group, a diversified group of corporations with pursuits in varied sectors.
Bajaj Housing Finance had 308,693 energetic clients as of March 31, 2024, of which 81.7 per cent had been house mortgage clients. It has a community of 215 branches in 174 places throughout 20 states and three union territories, overseen by six centralized retail mortgage assessment facilities and 7 centralized mortgage processing facilities.
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