Bajaj Housing Finance Limited (BHFL) is preparing to launch its Initial Public Offering (IPO) on September 9, 2024. The company aims to raise ₹6,560 crore through this public issue. Here’s a breakdown of the essential details you need to know about this IPO.
The IPO is valued at ₹6,560 crore. Each share will have a face value of ₹10. The issue consists of two parts: a fresh issue of shares and an Offer for Sale (OFS). The fresh issue aims to raise ₹3,560 crore, while the OFS, where existing shareholders sell their shares, is expected to raise ₹3,000 crore.
In the OFS, Bajaj Finance Limited, the parent company of BHFL, will sell shares worth ₹3,000 crore. This means that current shareholders will be able to sell their shares and realize their investments in BHFL.
The IPO will open for public subscription on September 9, 2024. The price range for the shares will be announced on September 3, 2024. Investors will have a three-day window to place their bids, closing on September 11, 2024. Additionally, an anchor investor round will take place on September 6, 2024, where large institutional investors can buy shares before the public offering starts.
BHFL is a part of the Bajaj Group and was founded in 2008. It offers a range of financial products related to housing, including home loans, loans against property, and financing for property development. The company’s mission is to provide tailored financial solutions for buying and renovating both homes and commercial properties.
BHFL falls under the “Upper-layer” Non-Banking Financial Companies (NBFCs) category set by the Reserve Bank of India (RBI). According to RBI regulations, NBFCs in this category must be listed on stock exchanges by September 2025.
Before investing in BHFL’s IPO, it’s important to consider the company’s financial performance, current market conditions, and any associated risks. Consulting a financial advisor can help you determine whether this investment fits your financial goals.
the Bajaj Housing Finance Limited IPO represents a significant investment opportunity in a well-established housing finance company. The IPO’s combination of fresh issue and OFS aims to raise substantial funds and provide liquidity to existing shareholders. Stay informed about the announced price range and IPO dates to make an educated investment decision.
