Mon Sep 02 14:26:05 UTC 2024: – Bajaj Housing Finance is launching its IPO with a fresh issue of shares worth ₹3,560 crore and an offer for sale component of up to ₹3,000 crore by parent company 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 aims to raise funds to increase its capital base and meet future capital requirements.
– The RBI has identified Bajaj Housing Finance as an “upper layer” NBFC, and the IPO is being held to comply with RBI regulations.
– The company posted a profit after tax of ₹1,731 crore in 2023-24, showing a 38% growth from the previous year.
– 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 Pvt. Ltd. is involved in the IPO process.
– Investors are advised to carefully read all related documents and be cautious about dealing in unauthorised schemes or sharing trading credentials.

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