Bajaj Housing Finance Files Papers for Rs 7000 Crore IPO

IPO of Bajaj Housing Finance: The purpose of the share sale is to fulfill the Reserve Bank of India’s (RBI) mandate that, by September 2025, upper-layer non-banking financial companies must be listed on stock markets.

Bajaj Housing Finance Files Papers for Rs 7000 Crore IPO

Bajaj Housing Finance Files Papers for Rs 7000 Crore IPO

Housing Finance Provider Bajaj Initial Public Offering (IPO):

Bajaj Housing Finance has submitted preliminary documents to capital markets regulator Sebi in order to raise Rs 7,000 crore via an IPO.

The draft red herring prospectus (DRHP) of the planned IPO states that parent company Bajaj Finance will make an offer for sale (OFS) of equity shares valued at Rs 3,000 crore in addition to a new issue of equity shares up to Rs 4,000 crore.

The purpose of the share sale is to fulfill the Reserve Bank of India’s (RBI) mandate that, by September 2025, upper-layer non-banking financial companies must be listed on stock markets.

The company’s capital base will be increased using the proceeds from the new issue in order to satisfy its future capital needs.

Since September 2015, Bajaj Housing Finance has been registered with the National Housing Bank as a non-deposit taking housing finance company. It provides financing options for buying and remodeling both residential and commercial buildings.

RBI, Bajaj Housing Finance Files Papers for Rs 7000 Crore IPO

The Reserve Bank of India has classified it as a “upper layer” nonbank financial institution (NBFC). The company offers a wide range of mortgage products, such as home loans, loans secured by real estate, lease rental discounting, and developer financing.

The housing lender reported a net profit of Rs 1,731 crore for the whole fiscal year 2023–24, up 38% from Rs 1,258 crore in the previous year.

Aadhar Housing Finance and India Shelter Finance, two housing finance companies, have just gone public on stock exchanges.

The sale of shares valued at Rs 3,000 crore in Bajaj Housing Finance’s initial public offering was approved by the board of Bajaj Finance on June 6.

The book-running lead managers for the company’s public offering are Kotak Mahindra Capital Company Ltd, BofA Securities India Ltd, SBI Capital Markets Ltd, Goldman Sachs (India) Securities Private Ltd, and JM Financial Ltd.

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  1. Groww Account- https://app.groww.in/v3cO/kyrp1zph
  2. Kotak neo Account https://kotaksecurities.ref-r.com/c/i/32531/109103906

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