Bajaj Housing Finance Ltd
Financial ServicesListedAbout the Company
Bajaj Housing Finance Limited is a non-deposit taking Housing Finance Company registered with NHB. It offers financial solutions for purchasing and renovating residential and commercial properties.
Business Model
Bajaj Housing Finance operates a retail-focused HFC model offering home loans, loans against property, lease rental discounting, and developer finance. The company leverages Bajaj Finance's extensive distribution and cross-selling network.
Promoters
Bajaj Finance Limited (100% pre-IPO). Post-IPO promoter holding ~88%.
Key Strengths
- Strong parentage — Bajaj Finance with AAA credit rating
- Lowest GNPA in industry at 0.28%
- High NIM of 4.04% vs HFC industry avg 3.2%
- Fastest-growing HFC among top-5 by AUM
- Diversified product mix across retail and commercial segments
Key Risks
- Concentrated in high-ticket urban markets — vulnerable to real estate downturns
- Rising interest rate environment may compress NIM
- Competition from large banks offering cheaper home loans
- Parent-driven growth may reduce independence
Use of Proceeds
IPO Details
Issue Size
₹6,560 Cr
Fresh Issue
₹3,560 Cr
OFS
₹3,000 Cr
Price Band
₹66-70
Lot Size
214 shares
Min Investment
₹14,980
Exchange
NSE & BSE
Registrar
KFin Technologies Ltd
Open Date
Sep 9, 2024
Close Date
Sep 11, 2024
Allotment
Sep 12, 2024
Listing Date
Sep 16, 2024
Lead Managers