Mon Sep 02 11:55:09 UTC 2024: – Bajaj Housing Finance is launching an IPO with a mix of 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 IPO will open for subscription on September 9, with the price band set to be announced on September 3 and the bidding for anchor investors on September 6.
– The company’s IPO is being held to comply with RBI regulations requiring upper-layer NBFCs to be listed on the bourses by September 2025.
– The proceeds from the IPO will be used to increase the company’s capital base and meet future capital requirements.
– Bajaj Housing Finance posted a profit after tax of ₹1,731 crore in 2023-24, reflecting 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.
– Investors are advised to carefully read and understand the risks involved in investing in securities market before making any investment decisions.

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