Bajaj Housing Finance IPO: A Record-Breaking Response
The Bajaj Housing Finance Initial Public Offering (IPO) has generated significant buzz in the market, showcasing a remarkable turnaround from its initial sluggish uptake. The IPO, which aimed to raise ₹6,500 crore, attracted an astounding ₹3 lakh crore in bids, setting a new record for subscription levels. The final share allotment process will take place soon, and investors can check their allotment status through the BSE website or the registrar’s website, KFin Tech.
Grey Market Insights
In the grey market, Bajaj Housing Finance shares are trading at a premium (GMP) of ₹74, representing a potential surge of 105.71% from the upper price band of the IPO. This strong premium suggests that shares could list substantially higher on their debut, with many investors hoping to realize significant returns on their investment from day one. However, experts caution that actual market performance will hinge on the company’s business fundamentals and overall market conditions on the listing day, scheduled for September 16.
How to Check Allotment Status
Checking Status on BSE Website
- Visit the BSE website.
- Select the issue type as ‘Equity’ and pick Bajaj Housing Finance from the dropdown.
- Enter either your application number or PAN.
- Complete the captcha by clicking “I’m not a robot.”
- Click on “Search” to view your allotment status, which will show how many shares you received.
Checking Status on KFin Tech
- Go to the KFin Tech website.
- Select Bajaj Housing Finance IPO from the list.
- Choose an option (PAN, Application Number, DP/Client ID, Account Number/IFSC) and fill out the required information.
- Submit your details to view the allotment status.
Overview of Bajaj Housing Finance IPO
Bajaj Housing Finance’s IPO, valued at ₹6,560 crore, drew widespread interest from various investor categories. Initially, the response from employees was tepid; however, enthusiasm picked up markedly by the final day, leading to overall subscription of 63.61 times. The breakdown of the subscriptions reveals staggering numbers: qualified institutional buyers (QIBs) subscribed 209.36 times, non-institutional investors (NIIs) 41.51 times, and retail investors 7.04 times. In total, about ₹3,560 crore worth of new shares will be issued, alongside an Offer for Sale where the parent company, Bajaj Finance, will look to sell around 42.86 crore shares.
Company Profile: Bajaj Housing Finance
Established in 2008 and registered with the National Housing Bank (NHB) since 2015, Bajaj Housing Finance provides a variety of financial services including mortgage loans, loan against property, and developer financing solutions. As of March 2024, the company reported having over 308,693 active customers, with 81.7% being home loan clients. The company operates 215 branches, serving clients across 20 states and 3 union territories of India.
Financial Performance
| Financial Year | Net Profit (₹ in Crores) | Revenue (₹ in Crores) | Growth Rate (%) |
|---|---|---|---|
| 2022 | 709.62 | 5,350.96 | – |
| 2023 | 1,257.80 | 6,621.89 | 77.53 |
| 2024 (Projected) | 1,731.22 | 7,617.71 | 42.00 |
| Q1 2024-25 | 482.61 | 2,208.73 | – |
In the last financial year, Bajaj Housing Finance saw a consistent increase in net profits, jumping from ₹709.62 crore in 2022 to an impressive ₹1,731.22 crore in 2024. Their revenue also showed a compound annual growth rate (CAGR) exceeding 42%, illustrating the financial health and optimistic outlook of the company.
Bajaj Housing Finance operates within the regulatory framework set by the Reserve Bank of India (RBI), which recently classified it as an upper-layer Non-Banking Financial Company (NBFC). This classification obliges Bajaj Housing Finance to list its shares by September 2025, making this IPO pivotal for its growth strategy.
