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

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

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.

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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code