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Bajaj Housing Finance IPO
Price Band
₹66.0–70.0
Issue Size
₹6560.0 Cr
Lot Size
214 shares
Min Investment
₹14,980
GMP
+₹72.0 (102.86%)
Issue Price
₹70.0
Subject to Sauda
₹11700
Paid only if allotted
Bajaj Housing Finance IPO AI Summary
- Bajaj Housing Finance IPO is listed on BSE, NSE in the Housing Finance Company sector.
- Price band: ₹66.0–₹70.0 per share, lot size 214 shares (min. investment ₹14,980).
- Subscription window: 09 Sep–11 Sep 2024, listing on 16 Sep 2024.
- Current GMP is +₹72.0 (102.86%), an estimated listing price of ₹142 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Bajaj Housing Finance IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 11 Sep 2024 — not a current signal.
3 of 3 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Bajaj Housing Finance IPO Grey Market Premium (GMP) Today
GMP
+₹72.0
GMP %
+102.86%
Est. Listing
₹142.0
Updated: 25 Jul 2026 14:04
About the Company
Founded in 2008, Bajaj Housing Finance is a non-deposit-taking Housing Finance Company (HFC) registered with the National Housing Bank (NHB) since 2015 and has been offering mortgage loans since the financial year 2018. The company is part of the Bajaj Group, a diversified group of companies with interests in various sectors. Bajaj Housing Finance provides customized financial solutions to individuals and corporates for the purchase and renovation of homes and commercial spaces. The company's mortgage product range is comprehensive and includes (i) home loans, (ii) loan against property (LAP), (iii) rent concessions, and (iv) developer finance. As of March 31, 2024, the company had 308,693 active customers, of which 81.7% were home loan customers. The Company has a network of 215 branches in 174 locations across 20 states and three union territories, overseen by six centralized retail loan review centers and seven centralized loan processing centers.
Company Financials (₹ Cr)
As of 2024-06-30
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 88,538.83 | 81,827.09 | 64,654.14 | 48,527.08 |
| Total Income | 2,208.73 | 7,617.71 | 5,665.44 | 3,767.13 |
| Profit After Tax | 482.61 | 1,731.22 | 1,257.80 | 709.62 |
| NET Worth | 14,719.91 | 12,233.50 | 10,503.19 | 6,741.36 |
| Reserves and Surplus | 4,252.83 | 5,520.81 | 3,791.03 | 1,858.03 |
| Total Borrowing | 73,347.06 | 69,129.32 | 53,745.39 | 41,492.32 |
Key Ratios
EPS
₹2.21
NAV
₹18.80
RoNW
3.6%
P/B Value
3.72
P/E Ratio
31.62
Market Cap
₹58297.03 Cr
Debt/Equity
5.70
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Home First Finance Company India Ltd | 239.7 | 15.5% | 24.3 | 34.7 | 33.7 |
| Aptus Value Housing Finance India Limited | 75.5 | 17.2% | 24.6 | 12.3 | 12.2 |
| Aavas Financiers Ltd | 476.8 | 13.9% | 25.8 | 62 | 61.9 |
| Aadhar Housing Finance Limited | 104.3 | 18.4% | 18.7 | 19 | 18.4 |
| Can Fin Homes Ltd. | 326.2 | 18.8% | 12.9 | 56.4 | 56.4 |
| Pnb Housing Finance Ltd | 576.6 | 11.6% | 12.4 | 58.4 | 58.4 |
| Lic Housing Finance Ltd. | 572.3 | 16.2% | 7.3 | 86.5 | 86.5 |
| Bajaj Housing Finance Limited This IPO | 18.2 | 15.2% | — | 2.6 | 2.6 |
Promoters
Bajaj Finance Ltd. and Bajaj Finserv Ltd.
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Augmenting our capital base to meet future business requirements of the Company towards onward lending 3,499.55
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹3,767.13 Cr in the year ending March 31, 2022, rising to ₹5,665.44 Cr by March 31, 2023, and further increasing to ₹7,617.71 Cr by March 31, 2024. As of June 30, 2024, total income reached ₹2,208.73 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹709.62 Cr in the year ending March 31, 2022, increasing to ₹1,257.80 Cr by March 31, 2023, and further to ₹1,731.22 Cr by March 31, 2024. As of June 30, 2024, profit after tax stood at ₹482.61 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Bajaj Housing Finance has an implied P/E ratio of 31.62 at the issue price, compared to peers trading at a range of approximately 7.3 to 25.8.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the expected listing price of an IPO. It reflects the demand and supply dynamics in the grey market, where shares are traded before they are officially listed. A higher GMP suggests strong demand for the shares, while a lower GMP indicates weaker demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their risk tolerance and investment goals. Consider the company's growth potential and market conditions before making a decision.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable and established companies may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainties.
IPO Timeline, Explained
The IPO process includes several key dates: the issue opens on September 9, 2024, and closes on September 11, 2024. Allotment of shares will be finalized by September 12, 2024, with listing expected on September 16, 2024.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are sold on the listing day, usually at a price higher than the issue price. However, these gains are not guaranteed and can be influenced by market conditions, demand for the shares, and overall investor sentiment.
This evaluation is generated from Bajaj Housing Finance's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Bajaj Housing Finance IPO GMP today?
Bajaj Housing Finance IPO GMP today is +₹72.0 (102.86%), indicating an estimated listing price of ₹142. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Bajaj Housing Finance IPO?
The price band of Bajaj Housing Finance IPO is ₹66.0–₹70.0 per share.
When does Bajaj Housing Finance IPO open and close?
Bajaj Housing Finance IPO opens on 09 September 2024 and closes on 11 September 2024.
When does Bajaj Housing Finance IPO list on the stock exchange?
Bajaj Housing Finance IPO listed on 16 September 2024 at ₹142.0.
What is the lot size for Bajaj Housing Finance IPO?
The lot size for Bajaj Housing Finance IPO is 214 shares, requiring a minimum investment of ₹14,980.
What is the lot size for this IPO?
The lot size for Bajaj Housing Finance IPO is 214 shares.
What is the minimum investment required?
The minimum investment required is ₹14,980.
What is the price band for the IPO?
The price band for the IPO is ₹66.0 to ₹70.0.
When does the IPO open and close?
The IPO opens on September 9, 2024, and closes on September 11, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, indicating the expected listing price of the shares based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
09 Sep 2024
Close
11 Sep 2024
Allotment
12 Sep 2024
Listing
16 Sep 2024
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