Sebi gives go-ahead to Bajaj Housing Finance’s ₹7,000 crore IPO
Bajaj Housing Finance, a non-deposit taking housing financier, filed a draft prospectus for a ₹7,000 crore IPO in June 2024, as required by RBI regulations for listing upper-layer non-banking finance companies (NBFC-UL) by September 2025. The IPO includes a fresh issue of shares up to ₹4,000 crore and an offer for sale of up to ₹3,000 crore by promoter Bajaj Finance. The funds from the fresh issue will be used to strengthen the company’s capital base for future lending. The IPO’s lead managers are Kotak Mahindra Capital, BofA Securities India, Axis Capital, Goldman Sachs (India) Securities, SBI Capital Markets, JM Financial, and IIFL Securities. Bajaj Housing Finance provides various financial solutions, including home loans and loans against property. For Q1 FY25, the company reported a net profit of ₹483 crore, with assets under management of ₹97,071 crore.
For more information, please read the full article.
