IPO Details

Bidding Dates

To be announced

Minimum Investment

To be announced

Price Range

To be announced

Maximum Investment

To be announced

Retail Discount

To be announced

Issue Size

₹70,000.0 million

Investor category and sub category

Qualified Institutional Buyers  |   Retail Individual Investors  |   Non-institutional Investors  |   Eligible Employees and Eligible Shareholders  |  

About Bajaj Housing Finance Limited

Bajaj Housing Finance Limited, registered with the National Housing Bank on September 24, 2015, began mortgage lending in Fiscal 2018. Within seven years, it became the largest non-deposit-taking HFC in India by AUM and the second-largest HFC overall. It's also the eighth-largest NBFC-UL in India, notable for its profitability with strong returns on average assets and equity in Fiscal 2024. The company leads its peers with the fastest AUM CAGR growth rate from Fiscal 2022 to 2024.

Bajaj Housing Finance offers a diverse range of financial solutions for both individuals and corporate entities. These solutions include home loans, loans against property (LAP), lease rental discounting, and developer financing. The company primarily focuses on individual retail housing loans, supplemented by various lease rental discounting and developer loans.

As of March 31, 2024, Bajaj Housing Finance's assets under management (AUM) stood at ₹913,704.0 million, showcasing a compound annual growth rate (CAGR) of 30.9% from Fiscal 2022 to 2024. The average ticket size for its home loans was ₹4.6 million, with an average loan-to-value ratio of 70.5%. Additionally, 75.8% of the company's home loan AUM came from customers with a CIBIL score above 750.

The company offers the most diversified suite of mortgage lending products in India and has the highest proportion of salaried customers in its home loan portfolio among large HFCs. It is known for focusing on prime housing and has one of the highest average ticket sizes.

Bajaj Housing Finance maintains the lowest gross non-performing assets (GNPA) ratio at 0.27% and net non-performing assets (NNPA) ratio at 0.10% among major HFCs in India. It enjoys the highest possible credit ratings for long-term and short-term borrowing programs.

In Fiscal 2024, Bajaj Housing Finance disbursed loans amounting to ₹446.6 billion, marking it as the second highest in terms of loan disbursement by HFCs in India. The company also ranks second in terms of AUM per branch and per employee among large HFCs.

Part of the renowned Bajaj group, founded in 1926, Bajaj Housing Finance has a strong presence across various sectors. As of March 31, 2024, it served 308,693 active customers, 81.7% of whom were home loan customers. Over the last three fiscals, the company's loan disbursements show significant growth, underlining its expanding market reach.

Bajaj Housing Finance operates through a network of 215 branches across 174 locations in 20 states and three union territories. This network is supported by six centralised hubs for retail underwriting and seven processing hubs, ensuring efficient service delivery to meet the diverse needs of its customers across urban and upcountry locations.

Industry Outlook:

  1. India's total housing loans reached ₹28.73 trillion by March 2023, underlining a huge market opportunity against a projected housing shortage of 100 million units.
  2. The prime housing finance market in India grew to ₹9.3 trillion by Fiscal 2023, with a robust CAGR of 19.5% from 2019, outpacing the broader market's growth.

Bajaj Housing Finance Limited IPO Details

Bajaj Housing Finance Limited IPO Dates

The exact dates are yet to be announced.

Bajaj Housing Finance Limited IPO Price Band

Raghuvir EXIM Limited is a book-built Issue IPO. The price range per share has yet to be announced.

Bajaj Housing Finance Limited IPO Lot Size

The lot size is yet to be announced.

Bajaj Housing Finance Limited IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. Augmenting the company’s capital base to meet future business requirements of the company towards onward lending and
  2. General corporate purposes.

Peer Details

The companies considered by Bajaj Housing Finance as its peers include:

  1. LIC Housing Finance Limited
  2. PNB Housing Finance Limited
  3. Can Fin Homes Limited
  4. Aadhar Housing Finance Limited
  5. Aavas Financiers Limited
  6. Aptus Value Housing Finance Limited
  7. Home First Finance Limited

How to Check the Allotment Status of the Bajaj Housing Finance Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the individual order details page of the IPO that you had applied for.
  • Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.

Contact Details of Bajaj Housing Finance Limited IPO

  • Registered office: Bajaj Auto Limited Complex, Mumbai Pune Road, Akurdi, Pune 411 035, Maharashtra, India
  • Phone: +91 2071878060
  • E-mail:bhflinvestor.service@bajajfinserv.in

IPO Financials

Particulars Year ending on March 31, 2023 Year ending on March 31, 2022 Year ending on March 31, 2021
Assets Under Management (in ₹ million) 913,704.0 692,279.0 533,217.2
Disbursement (in ₹ million) 4,46,562.4 3,43,336.3 2,61,752.4
Revenue from Operations (in ₹ million) 76,173.1 56,647.3 37,667.1
Profit After Tax (PAT) (in ₹ million) 17,312.2 12,578.0 7,096.2
Cash & Cash Equivalents (in ₹ million) 638.6 938.8 4,070.3
Net Worth (in ₹ million) 122,335.0 105,031.9 67,413.6
Debt to Equity Ratio(x) 5.7 5.1 6.2
Capital to Risk Assets Ratio (CRAR) (%) 21.28% 22.97% 19.71%
Return on Average Assets (ROAA) (%) 2.4% 2.3% 1.8%
NIM (Net Interest Margin) / NTI (Net Total Income) (%) 4.1% 4.5% 4.0%
Earning Per Share (EPS)-in absolute ₹ 2.6 1.9 1.5

Know before investing

Strengths

7

  1. Bajaj Housing Finance holds AUM of ₹913,704.0 million as of 2024.

  2. Achieved a CAGR of 30.9% from Fiscal 2022 to 2024.

  3. Maintains lowest GNPA and NNPA ratios among peers in 2024.

  4. Experienced management team with over 21 years of association with the Bajaj group.

  5. Extended distribution with 1,784 active channel partners by 2024.

  6. Disbursed loans amounting to ₹446.6 billion in Fiscal 2024.

  7. Operates 215 branches across 174 locations in 20 states.

Risks

6

  1. Inability to recover full collateral value could adversely affect financial stability.

  2. Exposure to real estate sector fluctuations risks asset value declines.

  3. Developer financing loans at 10.5% AUM risk due to project delays.

  4. Regulatory changes could increase provisioning needs, affecting financial health.

  5. Interest rate volatility could erode Net Interest Margins, currently at 4.1%.

  6. Periodic NHB inspections risk penalties if non-compliance is found.

  • How to Apply in IPO
  • How to Check IPO Allotment Status
Play Button

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Play Button

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Bajaj Housing Finance IPO FAQs

What is Bajaj Housing Finance Limited's IPO?

Bajaj Housing Finance IPO is a book-built IPO. The exact dates and price range are yet to be announced. 

When will Bajaj Housing Finance Limited's IPO be allotted?

The exact dates and price range are yet to be announced. 

When will Bajaj Housing Finance Limited's IPO open for subscription?

The IPO subscription window is not announced yet.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot. However, the lot size has not been announced yet.

When will Bajaj Housing Finance Limited list on exchanges?

The exact date is not announced yet.

How do I check the allotment status of the Bajaj Housing Finance Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the individual order details page of the IPO that you had applied for. 
  • Check the IPO allotment status as such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.

What would be the listing gains on the Bajaj Housing Finance Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. The exact date is not announced yet.

I have finished the application process for the Bajaj Housing Finance Limited IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Bajaj Housing Finance Limited's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Bajaj Housing Finance Limited using one PAN?

You can submit only one application using your PAN card.