NEW DELHI: Bajaj Housing Finance Ltd’s Rs 6, 560 crore initial public offer (IPO) was subscribed 63.60 times on the final day of bidding The issues receive bids for 46,27,48,43,832 shares against the 72,75,75,756 shares on offer, as per NSE data.
The Qualified Institutional Buyers (QIBs) category witnessed a massive 209.36 times subscription, while the non-institutional investors’ portion was subscribed 41.50 times.Retail Individual Investors (RIIs) subscribed 7.02 times.
The IPO, which opened for bidding on Monday, was fully subscribed within hours and closed the day with a 2 times subscription. Prior to the opening, Bajaj Housing Finance had already raised Rs 1,758 crore from anchor investors on Friday.
The IPO consists of a fresh issue of equity shares worth up to Rs 3,560 crore and an offer-for-sale (OFS) of equity shares amounting to Rs 3,000 crore by the parent company, Bajaj Finance. The price band for the offer has been set at Rs 66-70 per share.
The listing of Bajaj Housing Finance is in compliance with the Reserve Bank of India’s (RBI) regulations, which mandate upper-layer non-banking finance companies to be listed on stock exchanges by September 2025. The proceeds from the fresh issue will be utilized to strengthen the company’s capital base and meet future capital requirements.
Bajaj Housing Finance, a non-deposit-taking housing finance company registered with the National Housing Bank in September 2015, offers financial solutions for purchasing and renovating residential and commercial properties. The company has been classified as an “upper layer” NBFC by the RBI and provides comprehensive mortgage products, including home loans, loans against property, lease rental discounting, and developer financing.
The IPO is being managed by a consortium of book-running lead managers, including Kotak Mahindra Capital Company Ltd, BofA Securities India Ltd, SBI Capital Markets Ltd, Goldman Sachs (India) Securities Private Ltd, Axis Capital, and JM Financial Ltd.
The Qualified Institutional Buyers (QIBs) category witnessed a massive 209.36 times subscription, while the non-institutional investors’ portion was subscribed 41.50 times.Retail Individual Investors (RIIs) subscribed 7.02 times.
The IPO, which opened for bidding on Monday, was fully subscribed within hours and closed the day with a 2 times subscription. Prior to the opening, Bajaj Housing Finance had already raised Rs 1,758 crore from anchor investors on Friday.
The IPO consists of a fresh issue of equity shares worth up to Rs 3,560 crore and an offer-for-sale (OFS) of equity shares amounting to Rs 3,000 crore by the parent company, Bajaj Finance. The price band for the offer has been set at Rs 66-70 per share.
The listing of Bajaj Housing Finance is in compliance with the Reserve Bank of India’s (RBI) regulations, which mandate upper-layer non-banking finance companies to be listed on stock exchanges by September 2025. The proceeds from the fresh issue will be utilized to strengthen the company’s capital base and meet future capital requirements.
Bajaj Housing Finance, a non-deposit-taking housing finance company registered with the National Housing Bank in September 2015, offers financial solutions for purchasing and renovating residential and commercial properties. The company has been classified as an “upper layer” NBFC by the RBI and provides comprehensive mortgage products, including home loans, loans against property, lease rental discounting, and developer financing.
The IPO is being managed by a consortium of book-running lead managers, including Kotak Mahindra Capital Company Ltd, BofA Securities India Ltd, SBI Capital Markets Ltd, Goldman Sachs (India) Securities Private Ltd, Axis Capital, and JM Financial Ltd.
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