Bajaj Housing Finance IPO: Key Insights
About the company
Bajaj Housing Finance Limited (BHFL) is a subsidiary of Bajaj Finance Limited, which primarily offers a range of housing finance products, such as home loans, loans against property, and construction finance. They are launching an IPO of Rs 6,560 Crores.
Company Financials
The company reported a turnover of Rs 76,173.1 crore for the financial year ending March 31, 2024, and a PAT (profit after tax) of Rs 1,731.22 crore.
The company has been experiencing robust growth in recent years. As of its most recent financial reports, the company has shown strong performance across key metrics, including a healthy loan book expansion, improved profitability, and stable asset quality. It has its branches spread across India with Pune as its head office.
IPO Details
| SN | Particulars | Information |
| 1 | Issue Size | Rs 6,560 Crores |
| 2 | Lot Size | 214 Shares |
| 3 | Price Band | Rs 66 – 70 Shares |
| 4 | Minimum Bid Amount | Rs 14,980 |
| 5 | Date of Opening Issue | 9th Sept |
| 6 | Date of Closing Issue | 11th Sept |
| 6 | Allotment Date | 12th Sept |
| 7 | Listing Date on Exchange | 16th Sept |
GMP of Bajaj Housing Finance
The current Grey Market Premium (GMP) for Bajaj Housing Finance’s IPO is ₹56 as of today, September 4, 2024, suggesting 80% premium over the issue price of ₹70.
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