Mon Sep 02 11:55:09 UTC 2024: – Bajaj Housing Finance is conducting an IPO with a mix of fresh issue shares worth ₹3,560 crore and an offer for sale component of up to ₹3,000 crore by parent Bajaj Finance.
– The IPO will open for subscription on September 9, with the price band to be announced on September 3 and the bidding for anchor investors on September 6.
– The company is listed as an upper layer NBFC by the RBI and offers various mortgage products.
– The proceeds from the fresh issue will be used to increase the company’s capital base and meet future capital requirements.
– The housing lender posted a profit after tax of ₹1,731 crore in 2023-24, a 38% growth from the previous year.
– The IPO is being conducted to comply with RBI regulations requiring upper-layer NBFCs to be listed by September 2025.
– Book-running lead managers for the IPO include BofA Securities India Ltd, Kotak Mahindra Capital Company Ltd, Goldman Sachs (India) Securities Private Ltd, SBI Capital Markets Ltd, and JM Financial Ltd.
– Upstox Securities Private Limited and RKSV Commodities India Private Limited are involved in the IPO process as well.

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