Bajaj housing finance ipo starts on 9 th September price will come out on 3rd September
equity shareholders of our promoters, excluding such other persons not eligible to invest in the offer under applicable laws, rules, regulations and guidelines and any depository receipt holder of our promoters.''
So, those who hold the parent company stocks (either or both) at the time of the NBFC's RHP filing (i.e., by Saturday, August 31) will be eligible to apply for the Bajaj Housing Finance IPO under the shareholder's category.
In order to comply with Reserve Bank of India (RBI) regulations requiring the listing of upper-layer non-banking finance companies (NBFC-UL) on the stock exchanges by September 2025, the non-deposit taking housing financier filed the draft prospectus for the ₹7,000 crore IPO with the regulator in June 2024.
Bajaj Housing Finance Company Details
The NBFC is part of the Bajaj Group and provides customized financial solutions to individuals and corporations for the purchase and renovation of homes and commercial spaces. The company's comprehensive mortgage product range includes home loans, loan against property, rent concessions, and developer finance.
As of March 31, 2024, the company had 308,693 active customers, of which 81.7 per cent were home loan customers. The NBFC 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.
In fiscal year 2023–24, the housing lender reported a net profit of ₹1,731 crore, a 38 per cent increase from ₹1,258 crore in the previous year. As of March 31, 2024, home loans as a proportion of the corporation's total assets under management (AUM) decreased from 61.7 per cent to 57.8 per cent.
The company's listed peers, according to the DRHP, are PNB Housing Finance (P/E of 12.4), Can Fin Homes (P/E of 12.9), Aadhar Housing Finance (P/E of 18.7), Aavas Financiers (P/E of 3.3), Aptus Value Housing Finance (P/E of 24.6), and Home First Finance (P/E of 24.3). LIC Housing Finance has a P/E of 7.3.
In September 2022, the RBI published a list of upper-layer NBFCs, or enterprises with assets under control of ₹50,000 crores. According to RBI criteria, Bajaj Housing Finance, which was on the list, was slated to be listed on the bourses in September 2025.