Bajaj Housing Finance: Bajaj Housing Finance’s IPO is being eagerly awaited in the stock market. Now the company has announced the dates of its IPO of more than Rs 6500 crore. You will be able to subscribe to this huge IPO from 9 September, Monday to 11 September, Wednesday. In this IPO, the company will issue an offer for sale along with a fresh issue. The charm of this IPO has started showing on the grey market. Its GMP price band has reached Rs 65 even before it came out.
Fresh issue of Rs 3,560 crore and offer for sale of Rs 3,000 crore
This Rs 6,560 crore IPO of Bajaj Housing Finance includes a fresh issue of Rs 3,560 crore and an offer for sale of Rs 3,000 crore. The IPO of this company backed by Bajaj Group has been awaited for a long time. The price band of the IPO will be announced on Tuesday, September 3. Through this IPO, the promoters and shareholders of the company will reduce their stake. Its anchor book will be opened on Friday, September 6.
Quota will be given to shareholders of Bajaj Finance and Bajaj Finserv
The company said that the shareholders of Bajaj Finance and Bajaj Finserv will be given quota. For this IPO, Kotak Mahindra Capital Company, BofA Securities India, Axis Capital, Goldman Sachs India, SBI Capital Markets, JM Financial and IIFL Securities have been appointed as book running lead managers, while KFin Technologies has been appointed as the registrar of this issue.
This company of Bajaj Group has 3 lakh customers and business in 20 states
Bajaj Housing Finance was established in 2008. It is registered with the National Housing Bank in the year 2015 as a non-deposit housing finance company. This company has been giving housing loans since the financial year 2018. It is part of the Bajaj Group, whose business is spread across many sectors. As of March 31, 2024, the company had 308,693 customers. Of these, 81.7 percent are home loan customers. The company has 215 branches spread across 20 states and 3 union territories and 174 locations.
Read this also
SEBI: SEBI’s wrath may fall on these 23 stocks, they will be out of F&O segment, new companies will get space
