Bajaj Housing Finance IPO GMP Today, GMP UP at ₹78

Bajaj Housing Finance IPO is to open on September 9, 2024. Bajaj Housing Finance is a Mainline IPO to raise ₹7000 crores via IPO. The Bajaj Housing Finance IPO price band is fixed at ₹65 to ₹70 with a market lot of 214 Shares.

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 engaged in mortgage lending since Fiscal 2018. They have been identified and categorized as an “Upper Layer” NBFC (“NBFC-UL”) in India by the RBI since September 30, 2022, as part of its “Scale Based Regulations (SBR): A Revised Regulatory Framework for NBFCs” dated October 22, 2021.

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Bajaj Housing Finance IPO Details

Bajaj Housing Finance IPO Dates

The Bajaj Housing Finance IPO date is September 9 and the close date is September 11. The Bajaj Housing Finance IPO allotment will be finalized on September 12 and the IPO listing on September 16.

About Company

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 engaged in mortgage lending since Fiscal 2018. They have been identified and categorized as an “Upper Layer” NBFC (“NBFC-UL”) in India by the RBI since September 30, 2022, as part of its “Scale Based Regulations (SBR): A Revised Regulatory Framework for NBFCs” dated October 22, 2021. 

They offer financial solutions tailored to individuals and corporate entities for the purchase and renovation of homes and commercial spaces. Their mortgage product suite is comprehensive and comprises (i) home loans; (ii) loans against property (“LAP”); (iii) lease rental discounting; and (iv) developer financing. Furthermore, the company’s primary emphasis is on individual retail housing loans, complemented by a diversified collection of lease rental discounting and developer loans. Consequently, their financial products cater to every customer segment, from individual homebuyers to large-scale developers.
As of March 31, 2024 (unless indicated otherwise), they were a leading HFC in India across multiple parameters, including:

• largest non-deposit-taking HFC (in terms of AUM) in India within seven years of commencing mortgage operations; 
• second largest HFC and eighth largest NBFC-ULs (in terms of AUM) in India with an AUM of ₹913,704.0 million;
• second most profit-making HFC in India with a strong return on average assets and return on average equity for Fiscal 2024;
• one of the fastest growing among other HFCs/ NBFCs-UL based on AUM CAGR from Fiscal 2022 to 2024;
• most diversified HFC in India offering a full suite of mortgage lending products;
• highest salaried customer mix in home loan portfolio amongst large HFCs; 
• focused on prime housing with higher average ticket size amongst large HFCs;
• lowest GNPA ratio of 0.27% and NNPA ratio of 0.10%, among large HFCs in India;
• highest possible credit ratings in India for both the long-term as well as short-term borrowing programs;
• second highest loan disbursement by HFCs in India amounting to ₹446.6 billion for Fiscal 2024; and
• second highest AUM per branch and AUM per employee amongst large HFCs in India.

Objects of the Issue

• Augmenting their capital base to meet future business requirements of the Company toward onward lending
• General corporate purposes

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