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.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..