Bajaj Housing Finance to Launch Rs.6,560 Crore IPO on September 9

03 Sep 2024 CW Team

Bajaj Housing Finance is preparing to launch its highly anticipated initial public offering (IPO) worth ?65.6 billion on September 9. The IPO will close on September 11, with bidding for anchor investors opening on September 6.

The IPO will comprise a fresh issue of equity shares worth up to ?35.6 billion and an offer for sale (OFS) of shares amounting to ?30 billion by its parent company, Bajaj Finance. This move is part of a regulatory requirement set by the Reserve Bank of India (RBI), which mandates that upper-layer non-banking financial companies (NBFCs) be listed on stock exchanges by September 2025.

Proceeds from the fresh issue will be utilized to bolster Bajaj Housing Finance's capital base to meet future requirements. The company, a non-deposit-taking housing finance firm registered with the National Housing Bank since 2015, offers various financial solutions for purchasing and renovating residential and commercial properties. Its product portfolio includes home loans, loans against property, lease rental discounting, and developer financing.

Bajaj Housing Finance has been classified as an "upper layer" NBFC by the RBI. For the fiscal year 2023-24, the housing lender reported a net profit of ?17.31 billion, a 38% increase from ?12.58 billion in FY23.

This IPO follows recent listings of other housing finance companies like Aadhar Housing Finance and India Shelter Finance. In June, Bajaj Housing Finance initially filed papers with the Securities and Exchange Board of India (Sebi) for a ?70 billion IPO, which included a fresh issue of shares worth ?40 billion and an OFS component of ?30 billion by Bajaj Finance. The market regulator approved the public issue earlier this month.

The IPO will be managed by Kotak Mahindra Capital Company Ltd, BofA Securities India Ltd, SBI Capital Markets Ltd, Goldman Sachs (India) Securities Private Ltd, and JM Financial Ltd, who will serve as the book-running lead managers.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..