Bajaj Finance arm IPO: Bajaj Finance’s associate company will bring IPO, Bajaj Housing Finance’s OFS will be worth Rs 4000 crore

Bajaj Finance arm Bajaj Housing Finance to bring IPO :Bajaj Housing Finance, a subsidiary of India’s leading non-banking finance company (NBFC) Bajaj Finance, is going to bring an IPO of Rs 4000 crore. The company has given information about this IPO in the stock exchange filing on Thursday, June 6. Through this IPO of Bajaj Housing Finance, the existing shareholders of the company will sell their shares. That is, this will be an Offer for Sale (OFS) issue. The Draft Red Herring Prospectus (DRHP) related to this issue will soon be filed with the market regulator SEBI.

Business and Performance of Bajaj Housing Finance

Bajaj Housing Finance is a diversified NBFC. According to the company’s website, Bajaj Housing Finance has a total of more than 7.65 crore customers in the country. The company is headquartered in Pune and also provides loans to individuals and corporate entities for the purchase and renovation of homes and commercial properties. Apart from this, the company also provides loans against property to individuals and businessmen for personal needs or working capital or expansion needs of the business. The company also finances developers who construct residential and commercial properties. During the 9 months ended December 31, 2023, Bajaj Housing Finance’s assets under management (AUM) was Rs 85,929 crore, which is 31 percent more than the same period last year. During the same period, the company’s disbursement also increased by 31 percent to Rs 25,308 crore and net profit increased by 41 percent to Rs 1350 crore.

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Bajaj HF is included in RBI’s list of big NBFCs

In September 2022, the Reserve Bank of India (RBI) released a list of large NBFCs managing assets of more than Rs 500 billion, which also included Bajaj Housing Finance. There are a total of 16 NBFCs in this list including Bajaj Housing Finance, which also includes Tata Sons, HDB Financial Services, Tata Capital Financial Services, Aditya Birla Finance and Sanghvi Finance. As per RBI norms, it is necessary for these companies to be listed on the stock exchanges by September 2025. Giving information about the IPO, the company has said that this issue will be brought only on the basis of market conditions, necessary approvals and regulatory approval. Through this mega listing, a company of Bajaj Group is going to bring a public issue after years.

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Before this subsidiary of Bajaj Finance, recently two new issues have been listed in this segment of the market – Blackstone-backed Aadhar Housing Finance and Westbridge-backed India Shelter Finance. During the last one month, the shares of both the companies have seen a growth of more than 5 percent.