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.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..