Bajaj Housing: The Long Awaited IPO of Bajaj Housing Finally arrives.

Updated 19 July, 2024 / Time: 11:58

Bajaj Housing Finance has established itself as a leading HFC in India across numerous key metrics as of 31 March 2024. The company is a non-deposit taking Housing Finance Company registered with the National Housing Bank since 2015

The IPO is a mix of fresh issuance of shares worth Rs 35.6 bn and an offer-for-sale (OFS) of Rs 30 bn.

The book-running lead managers to the offer are Kotak Mahindra Capital, BofA Securities, Goldman Sachs, Axis Capital, SBICAP, JM Financial, and IIFL securities.

• Bajaj Housing Finance became the largest non-deposit-taking HFC in India (in terms of AUM) within just seven years of starting mortgage operations.
• It ranks as the second-largest HFC and the eighth-largest NBFC-UL in the country, with an AUM of Rs 913,704 million (m).
• The company stands as the second most profitable HFC in India, with robust returns on average assets and equity for FY24.
• So This IPO is a sure apply for listing gains as well as long term returns.