Mon Sep 02 11:55:09 UTC 2024: – Bajaj Housing Finance IPO will open for subscription on September 9, with a price band to be announced on September 3 and the IPO concluding on September 11
– The IPO will consist of a fresh issue of shares worth ₹3,560 crore and an offer for sale (OFS) component of equity shares of up to ₹3,000 crore by parent Bajaj Finance
– The company is listed as an “upper layer” NBFC by the RBI, offering comprehensive mortgage products such as loans against property, home loans, developer financing, and lease rental discounting
– The proceeds from the IPO will be used to increase the company’s capital base and meet future capital requirements
– In the financial year 2023-24, Bajaj Housing Finance reported a profit after tax of ₹1,731 crore, representing a 38% growth from the previous year
– BofA Securities India Ltd, Kotak Mahindra Capital Company Ltd, Goldman Sachs (India) Securities Private Ltd, SBI Capital Markets Ltd, and JM Financial Ltd are the book-running lead managers for the IPO

Overall, the IPO is highly anticipated and will provide an opportunity for investors to participate in Bajaj Housing Finance’s growth and expansion plans.

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