Bajaj Housing Finance IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Sep 09 to Sep 11 2024
Price Band
₹66 - 70
Current GMP
₹150(114.28%)
Subscription
67.39 times
IPO Details
| IPO Date | September 9, 2024 to September 11, 2024 |
| Listing Date | Monday, September 16, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹66 to ₹70 per share |
| Lot Size | 214 Shares |
| Total Issue Size | 937,142,858 shares (aggregating up to ₹6,560.00 Cr) |
| Fresh Issue | 508,571,429 shares (aggregating up to ₹3,560.00 Cr) |
| Offer for Sale | 428,571,429 shares of ₹10 (aggregating up to ₹3,000.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 7,819,575,273 |
| Share holding post issue | 8,328,146,702 |
IPO Date
September 9, 2024 to September 11, 2024
Listing Date
Monday, September 16, 2024
Face Value
₹10 per share
Price Band
₹66 to ₹70 per share
Lot Size
214 Shares
Total Issue Size
937,142,858 shares (aggregating up to ₹6,560.00 Cr)
Fresh Issue
508,571,429 shares (aggregating up to ₹3,560.00 Cr)
Offer for Sale
428,571,429 shares of ₹10 (aggregating up to ₹3,000.00 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE
Share holding pre issue
7,819,575,273
Share holding post issue
8,328,146,702
IPO Subscription Details
| Anchor Investors | 1 |
| Qualified Institutions | 222.05 |
| Non-Institutional Buyers | 43.94 |
| bNII (bids above ₹10L) | 50.53 |
| sNII (bids below ₹10L) | 30.75 |
| Retail Investors | 7.36 |
| Employees | 2.10 |
| Others | 18.49 |
| Total ** | 67.39 |
Anchor Investors
1
Qualified Institutions
222.05
Non-Institutional Buyers
43.94
bNII (bids above ₹10L)
50.53
sNII (bids below ₹10L)
30.75
Retail Investors
7.36
Employees
2.10
Others
18.49
Total **
67.39
Day Wise Sub
| Day | QIB | NII | Retail | EMP | Other | Total |
|---|---|---|---|---|---|---|
| Day 1 Sep 9, 2024 | 1.14 | 4.71 | 1.79 | 0.38 | 3.29 | 2.26 |
| Day 2 Sep 10, 2024 | 7.91 | 17.57 | 4.25 | 1.14 | 10.31 | 8.08 |
| Day 3 Sep 11, 2024 | 222.05 | 43.94 | 7.36 | 2.10 | 18.49 | 67.39 |
DayDay 1
Sep 9, 2024
QIB1.14
NII4.71
Retail1.79
EMP0.38
Other3.29
Total2.26
DayDay 2
Sep 10, 2024
QIB7.91
NII17.57
Retail4.25
EMP1.14
Other10.31
Total8.08
DayDay 3
Sep 11, 2024
QIB222.05
NII43.94
Retail7.36
EMP2.10
Other18.49
Total67.39
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 16-09-2024 | 70.00 | 75(107.14%) | 145 |
| 15-09-2024 | 70.00 | 75(107.14%) | 145 |
| 14-09-2024 | 70.00 | 84(120.0%) | 154 |
| 13-09-2024 | 70.00 | 78.50(112.14%) | 148.5 |
| 12-09-2024 | 70.00 | 78(111.43%) | 148 |
| 11-09-2024 | 70.00 | 74(105.71%) | 144 |
| 10-09-2024 | 70.00 | 70(100.0%) | 140 |
| 09-09-2024 | 70.00 | 64(91.43%) | 134 |
| 08-09-2024 | 70.00 | 56.70(81.0%) | 126.7 |
| 07-09-2024 | 70.00 | 52(74.29%) | 122 |
| 06-09-2024 | 70.00 | 51(72.86%) | 121 |
| 05-09-2024 | 70.00 | 53(75.71%) | 123 |
| 04-09-2024 | 70.00 | 50(71.43%) | 120 |
| 03-09-2024 | 70.00 | 45(64.29%) | 115 |
Date16-09-2024
Price70.00
GMP75(107.14%)
Estimate List Price145
Date15-09-2024
Price70.00
GMP75(107.14%)
Estimate List Price145
Date14-09-2024
Price70.00
GMP84(120.0%)
Estimate List Price154
Date13-09-2024
Price70.00
GMP78.50(112.14%)
Estimate List Price148.5
Date12-09-2024
Price70.00
GMP78(111.43%)
Estimate List Price148
Date11-09-2024
Price70.00
GMP74(105.71%)
Estimate List Price144
Date10-09-2024
Price70.00
GMP70(100.0%)
Estimate List Price140
Date09-09-2024
Price70.00
GMP64(91.43%)
Estimate List Price134
Date08-09-2024
Price70.00
GMP56.70(81.0%)
Estimate List Price126.7
Date07-09-2024
Price70.00
GMP52(74.29%)
Estimate List Price122
Date06-09-2024
Price70.00
GMP51(72.86%)
Estimate List Price121
Date05-09-2024
Price70.00
GMP53(75.71%)
Estimate List Price123
Date04-09-2024
Price70.00
GMP50(71.43%)
Estimate List Price120
Date03-09-2024
Price70.00
GMP45(64.29%)
Estimate List Price115
IPO Important Dates
| IPO Open Date | Monday, September 9, 2024 |
| IPO Close Date | Wednesday, September 11, 2024 |
| Basis of Allotment | Thursday, September 12, 2024 |
| Initiation of Refunds | Friday, September 13, 2024 |
| Credit of Shares to Demat | Friday, September 13, 2024 |
| Listing Date | Monday, September 16, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 11, 2024 |
IPO Open Date
Monday, September 9, 2024
IPO Close Date
Wednesday, September 11, 2024
Basis of Allotment
Thursday, September 12, 2024
Initiation of Refunds
Friday, September 13, 2024
Credit of Shares to Demat
Friday, September 13, 2024
Listing Date
Monday, September 16, 2024
Cut-off time for UPI mandate confirmation
5 PM on September 11, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 214 | ₹14,980 |
| Retail (Max) | 13 | 2782 | ₹194,740 |
| S-HNI (Min) | 14 | 2,996 | ₹209,720 |
| S-HNI (Max) | 66 | 14,124 | ₹988,680 |
| B-HNI (Min) | 67 | 14,338 | ₹1,003,660 |
ApplicationRetail (Min)
Lots1
Shares214
Amount₹14,980
ApplicationRetail (Max)
Lots13
Shares2782
Amount₹194,740
ApplicationS-HNI (Min)
Lots14
Shares2,996
Amount₹209,720
ApplicationS-HNI (Max)
Lots66
Shares14,124
Amount₹988,680
ApplicationB-HNI (Min)
Lots67
Shares14,338
Amount₹1,003,660
Financial Information
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 88,538.83 | 81,827.09 | 64,654.14 |
| Revenue | 2,208.73 | 7,617.71 | 5,665.44 |
| Profit After Tax | 482.61 | 1,731.22 | 1,257.8 |
| Net Worth | 14,719.91 | 12,233.5 | 10,503.19 |
| Reserves and Surplus | 4,252.83 | 5,520.81 | 3,791.03 |
| Total Borrowing | 73,347.06 | 69,129.32 | 53,745.39 |
Period EndedPeriod Ended
30 Jun 202430 Jun 2024
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
30 Jun 202488,538.83
31 Mar 202481,827.09
31 Mar 202364,654.14
Period EndedRevenue
30 Jun 20242,208.73
31 Mar 20247,617.71
31 Mar 20235,665.44
Period EndedProfit After Tax
30 Jun 2024482.61
31 Mar 20241,731.22
31 Mar 20231,257.8
Period EndedNet Worth
30 Jun 202414,719.91
31 Mar 202412,233.5
31 Mar 202310,503.19
Period EndedReserves and Surplus
30 Jun 20244,252.83
31 Mar 20245,520.81
31 Mar 20233,791.03
Period EndedTotal Borrowing
30 Jun 202473,347.06
31 Mar 202469,129.32
31 Mar 202353,745.39
Key Performance Indicator
| Debt/Equity | 5.7 |
| RoNW | 3.6% |
| P/BV | 3.72 |
| EPS (Rs) | 2.21 |
Debt/Equity
5.7
RoNW
3.6%
P/BV
3.72
EPS (Rs)
2.21
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 25,11,42,856 (26.8%) | NA |
| QIB Shares Offered | 16,74,28,580 (17.87%) | NA |
| NII (HNI) Shares Offered | 12,55,71,430 (13.4%) | |
| bNII > ₹10L | 8,37,14,286 (8.93%) | 27,942 |
| sNII < ₹10L | 4,18,57,143 (4.47%) | 13,971 |
| Retail Shares Offered | 29,30,00,000 (31.27%) | 13,69,158 |
| Employee Shares Offered | 2,85,71,428 (3.05%) | NA |
| Total Shares Offered | 93,71,42,865 (100%) |
Investor CategoryAnchor Investor Shares Offered
Shares Offered25,11,42,856 (26.8%)
Maximum AllotteesNA
Investor CategoryQIB Shares Offered
Shares Offered16,74,28,580 (17.87%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered12,55,71,430 (13.4%)
Maximum Allottees
Investor CategorybNII > ₹10L
Shares Offered8,37,14,286 (8.93%)
Maximum Allottees27,942
Investor CategorysNII < ₹10L
Shares Offered4,18,57,143 (4.47%)
Maximum Allottees13,971
Investor CategoryRetail Shares Offered
Shares Offered29,30,00,000 (31.27%)
Maximum Allottees13,69,158
Investor CategoryEmployee Shares Offered
Shares Offered2,85,71,428 (3.05%)
Maximum AllotteesNA
Investor CategoryTotal Shares Offered
Shares Offered93,71,42,865 (100%)
Maximum Allottees
Information about company
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.
Objectives of IPO
The company intends to utilize the net proceeds towards the following objective:
Augment capital base to meet future business requirements of the company towards onward lending.
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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