care@investkraft.com
+91-9599071040
+91-9797971876
- IPO Open Date
- 9th Sep 2024
- IPO Close Date
- 11th Sep 2024
- Allotment date
- 12th Sep 2024
- Listing date
- 16th Sep 2024
- Issue Size
- ₹ 6,560 Cr.
- Issue Price Band
- ₹ 66 to 70
- Lot Size
- 214 Share
- Minimum Investment
- ₹ 14,980
About Bajaj Housing Finance
Founded in 2008, Bajaj Housing Finance is a non-deposit-taking Housing Finance Company (HFC) registered with the National Housing Bank (NHB) since 2015 and has been offering mortgage loans since the financial year 2018.
The company is part of the Bajaj Group, a diversified group of companies with interests in various sectors. Bajaj Housing Finance provides customized financial solutions to individuals and corporates for the purchase and renovation of homes and commercial spaces. The company's mortgage product range is comprehensive and includes (i) home loans, (ii) loan against property (LAP), (iii) rent concessions, and (iv) developer finance.
As of March 31, 2024, the company had 308,693 active customers, of which 81.7% were home loan customers.
The Company has a network of 215 branches in 174 locations across 20 states and three union territories, overseen by six centralized retail loan review centers and seven centralized loan processing centers.
Financials of Bajaj Housing Finance
Total Assets
Revenue
Profit after Tax
*All values are in Rs. Cr
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|---|---|---|
| QIBs Investor | 0 | 100800 | 0.00 |
| Total HNIs Investor | 0 | 6915600 | 0.00 |
| Retail Investor | 0 | 0 | 0.00 |
| Shareholders Investor | 0 | 0 | 0.00 |
| Employee Investor | 0 | 0 | 0.00 |
| Total Subscription | 0 | 7016400 | 0 |
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 20-05-2026 | 200 | ₹12 | ₹212 ( 6.00% ) | ₹2,568.00 | 29-May-2026 04:22 PM |
Strengths of Company
- Strong Bajaj Brand Value
- Backed by the trusted Bajaj Group and Bajaj Finance Limited.
- Fast-Growing Housing Finance Company
- Strong AUM and profit growth over recent years.
- Low NPA Levels
- Maintains very low GNPA and NNPA compared to peers due to good risk management.
- Wide Distribution Network
- Presence across many states with branches and channel partners.
- Strong Digital & Omni-channel Strategy
- Customer-focused technology and digital loan processing system
Risks of Company
- High Dependence on Real Estate Sector
- Any slowdown in housing or property markets may affect business.
- Interest Rate Risk
- Changes in interest rates can impact margins and profitability.
- Geographical Concentration
- Large business concentration in a few states like Maharashtra, Karnataka, and Telangana.
- High Loan-to-Value (LTV) Ratio
- Higher LTV increases lending risk during property price declines.
- Collateral Recovery Risk
- Difficulty in recovering loans from default customers can impact finances.
IPO Lead Manager(s)
Bajaj Housing Finance FAQs
Company Contact Details
- Company Name
- Bajaj Housing Finance
- Phone
- 91207187806
- Contact Person
- Atul Patni
- Corporate Identity Number
- U65910PN2008PLC132228
- Address
- Bajaj Auto Limited Complex, Mumbai-Pune Road, Akurdi, Pune - 411035 Pune, Maharashtra
