Bajaj Housing Finance set to launch IPO on September 9 to raise Rs 6,560 crore
Bajaj Logo
In a crucial move for financial markets, Bajaj Housing Finance is preparing to launch its initial public offering (IPO) on September 9, 2024, with the aim of raising a substantial Rs 6,560 crore. The IPO, which will close on September 11, 2024, includes a fresh issue of Rs 3,560 crore and an offer for sale (OFS) of Rs 3,000 crore.
Key details of the IPO
· IPO Dates: The IPO will open on September 9, 2024, and close on September 11, 2024.
· Price Band: The IPO price band is expected to be announced on September 3, while the anchor portion will be allocated on September 6.
· Reservation for Shareholders: A specific reservation of Rs 500 crore has been made for shareholders, allowing them to participate in the offering.
What is the purpose of the Initial Public Offering?
)
FIFA World Cup 2026: Katy Perry offers a backstage look at her opening ceremony preparations
)
Scientists discover world's largest 'whale graveyard' hidden 7km beneath the Indian Ocean
)
Father of slain Indian sailor Aditya Sharma criticises US over strike on tanker off Oman
)
Maharashtra CM Devendra Fadnavis reacts to Pranit More controversy: 'Not right to violate societal boundaries'
)
Bharat Bhhagya Viddhaata Review: Kangana Ranaut throws light on untold side of 26/11 beyond Taj and Leopold
)
From ballistic missiles to maritime threats: India successfully tests key defence technologies, enters elite club
)
Mobile tower stolen in Bihar: Police probe bizarre theft in Buxar. This is what happened
&im=FitAndFill=(700,400))
China's Gaokao vs India's JEE: Comparing the world's toughest entrance examinations
)
Bharat Bhhagya Viddhaata box office: Kangana Ranaut starrer struggles to gain momentum on day 1
)
Iran declares SpaceX and Starlink assets in West Asia legitimate military targets
&im=FitAndFill=(700,400))
New Friday OTT releases (June 12, 2026): Raakh, Bhooth Bangla, Dridam- Watch these 6 movies and TV shows on Netflix, Prime Video, JioHotstar and more
&im=FitAndFill=(700,400))
FIFA World Cup 2026 opening ceremony: Shakira, Nora Fatehi, LISA and more-a look at all the performers of the night
&im=FitAndFill=(700,400))
Beyond Strait of Hormuz: How the Oman-Gujarat deep-sea pipeline could transform India's energy imports
)
Why Nepal joins Japan in banning Indian Mango imports & how it could impact exporters
)
Thomas Partey denied entry to Canada, set to miss Ghana's FIFA World Cup opener against Panama
)
France Turns To India After FCAS Collapse: Offers Partnership On 6th-Gen Fighter Jet
)
Deadpool & Wolverine cinematographer George Richmond sustains serious injuries in Himachal Pradesh paragliding accident
&im=FitAndFill=(700,400))
FIFA World Cup 2026 Canada Opening Ceremony in pictures: Nora Fatehi, Alessia Cara dazzle with their performance
&im=FitAndFill=(700,400))
Deepika Padukone in Jawan to Sanya Malhotra in Bandar: Times when actors shone with limited scenes
)
Trump administration deports Iranian migrants to nation US warns against visiting 'for any reason'
)
Indian Govt to fund startup aiming to build Methane-LOX rocket engine
)
Oil prices tumble as Iran, US signal breakthrough in war-ending talks
)
MoU will ensure end of war on all fronts, including Lebanon: Iran’s Foreign Minister Abbas Araghchi
)
Indian Air Force aircraft crashes in Assam’s Jorhat; pilot feared dead
&im=FitAndFill=(700,400))
Pride Month special: Bollywood queer characters who deserve their own spin-off
)
Fact Check: Indian crew members aboard Liaki Freedom vessel attacked by missiles? MEA says...
&im=FitAndFill=(700,400))
World's Safest Countries in 2026: Did India make it to the top 10? Here's where it ranks
)
NEET aspirant posing as fake Brigadier walks into Army trap in UP, arrested – Here’s what happened
)
Who is Niño Guerrero? Trump announces leader of 'bloodthirsty terrorist organisation' Tren de Aragua killed in 'swift and lethal' US strike
)
Red alert in Delhi: IMD predicts rain, thunderstorms to intensify from today
)
How RSI-India, inspired by MIT, is giving Indian school students a taste of cutting-edge research
)
Israel rules out withdrawal from Lebanon, Syria and Gaza; Iran says proposed deal includes all fronts
&im=FitAndFill=(700,400))
How US fighter jet pilots can change a missile's target after launch
)
India's $2 billion drone push: Why batteries could be biggest winner in defence-tech boom
)
US govt funded foreign biolabs, many of them worked on dangerous pathogens, reveals Tulsi Gabbard
)
Mathematician who correctly predicted last 3 World Cup winners reveals FIFA World Cup 2026 champion
&im=FitAndFill=(700,400))
Is it logically smarter to buy an electric car right now just to avoid fuel costs?
The funds raised from the fresh issue will be used to enhance the capital base of Bajaj Housing Finance, a subsidiary of Bajaj Finance, thereby supporting its growth and expansion initiatives. This move comes after a considerable period since the last major IPO from the Bajaj Group.
History of the Bajaj Group
Bajaj Group is an Indian multinational conglomerate founded by Jamnalal Bajaj in Mumbai in 1926. The group comprises 40 companies and its flagship company Bajaj Auto is ranked as the world's fourth largest two- and three-wheeler manufacturer. The group has involvement in various industries that include automobiles (2- and 3-wheelers), home appliances, lighting, iron and steel, insurance, travel and finance.
Details of Bajaj Housing Finance
Bajaj Housing Finance is a 100 per cent subsidiary of Bajaj Finance, with Bajaj Finserv holding a 51.34 per cent stake in Bajaj Finance. The company had filed papers with the capital markets regulator SEBI, as per a report detailed by CNBC-TV18 on June 8.
The book-running lead managers for the issue include Kotak Mahindra Capital Company Ltd, BofA Securities India Ltd, SBI Capital Markets Ltd, Goldman Sachs (India) Securities Private Ltd, and JM Financial Ltd.
This IPO marks a significant step for Bajaj Housing Finance as it seeks to bolster its financial position and drive future growth. Investors and market watchers are eagerly anticipating the details of the price band and the overall market response to this major offering.
