Investing in an Initial Public Offering (IPO) can be an exciting opportunity for investors looking to diversify their portfolios and gain early access to a company’s stock. When a company decides to go public, individuals and institutions can buy shares at a potentially lower price before they are listed on stock exchanges.
An IPO helps companies raise capital and enhance market visibility. This guide will explore the Bajaj Housing Finance Limited IPO, its key details, financial performance, and how you can apply using HDFC Sky’s seamless One Click feature.
About Bajaj Housing Finance Limited
Bajaj Housing Finance is a non-deposit housing finance company and 100% subsidiary of Bajaj Finance Limited. Headquartered in Pune, the RBI classifies BHFL as an Upper-Layer NBFC and offers finance to individuals and corporates for purchasing and renovating homes and commercial spaces. Loans are also provided against property for personal or business needs. CRISIL and India Ratings rate BHFL AAA/Stable for its long-term debt programme and A1+ for its short-term debt programme.
Financials of Bajaj Housing Finance Limited
Between FY 2024 and 2023, Bajaj Housing Finance Limited’s revenue increased by 34%, while profit after tax (PAT) rose by 38%.
| Period | 30th June 24 | 31st March 24 | 31st March 23 | 31st March 22 |
| Assets | 88,538.83 | 81,827.09 | 64,654.14 | 48,527.08 |
| Revenue | 2,208.73 | 7,617.71 | 5,665.44 | 3,767.13 |
| PAT | 482.61 | 1,731.22 | 1,257.8 | 709.62 |
| Net Worth | 14,719.91 | 12,233.5 | 10,503.19 | 6,741.36 |
| Reserves and Surplus | 4,252.83 | 5,520.81 | 3,791.03 | 1,858.03 |
| Total Borrowing | 73,347.06 | 69,129.32 | 53,745.39 | 41,492.32 |
(amount in crores)
About Bajaj Housing Finance Limited IPO
The upcoming IPO for Bajaj Housing Finance Limited opens for subscription on September 9th, 2024, and closes on September 11th, 2024. The shares will be listed on both the NSE and BSE, with the tentative listing date being fixed for Monday, September 16th, 2024.
The IPO is a book-built issue of ₹6,560 crore. It consists of a fresh issue of ₹50.86 crore shares aggregating ₹3,560 crore and 42.86 shares offered for sale aggregating ₹3,000 crore.
The share price band is set at ₹66 to ₹70 per share, and the minimum size in a lot is 214 shares. Retail investors will require a minimum investment of ₹14,980. The minimum lot size for sNII (small non-institutional investors) is 14 lots or 2,996 shares, amounting to ₹2,09,720, and for bNII (big non-institutional investors) is 67 lots or 14,338 shares, amounting to ₹10,03,660.
How to Apply for IPO using HDFC Sky’s One Click Feature?
HDFC Sky is a one-stop shop by HDFC Securities that allows investors to invest in various financial instruments, such as mutual funds, stocks, IPOs, derivatives, commodities, and currencies.
New customers can open an account online by completing the KYC process and submitting the required documents. Now, once the account is open, follow these steps:
- Log in to Your HDFC Sky Account: Begin by accessing the HDFC Sky portal or mobile app.
- Navigate to the IPO Section: Go to your profile by selecting the ‘Profile’ tab. From there, navigate to the ‘Indian Stocks’ section and click on the ‘IPO’ option to view available IPOs.
- Select the Bajaj Housing Finance IPO: Browse through the list of current IPOs and locate the Bajaj Housing Finance IPO.
- Utilize the One Click Feature: Click on the ‘One Click’ button, which will automatically populate your application with your pre-saved details.
- Review and Confirm Your Application: Carefully review the pre-filled information to ensure accuracy.
- Payment: Pay via UPI, then approve the mandate through your UPI or banking app.
- Check Allotment Status: After the IPO closes, check your allotment status on HDFC Sky. If allotted, shares will appear in your Demat account.
Conclusion
The Bajaj Housing Finance IPO presents an exciting opportunity for investors looking to tap into the growth potential of a well-established company with a solid financial track record. With its attractive pricing and strong market presence, the IPO could be a valuable addition to your investment portfolio.
The Bajaj Housing Finance IPO is an attractive investment opportunity, keeping the growth potential and positive financials in mind. To apply for the IPO with HDFC Sky, quickly download the IPO app.
