Bajaj Housing Finance IPO:The board of Bajaj Housing Finance has approved an initial public offering (IPO) plan. Under this, the company will raise ₹4000 crore through fresh issue and offer-for-sale (OFS). Let us tell you that according to the rules of the Reserve Bank of India (RBI), Bajaj Housing Finance is required to be listed on the stock exchanges by September 2025.
Keeping this in mind, this company of non-banking finance company (NBFC) Bajaj Finance is taking forward the process of launching IPO. The company said the IPO will be subject to market conditions, approvals and regulatory clearances. The draft red herring prospectus (DRHP) of this IPO is expected to be filed with SEBI soon.
What is the expert’s estimate?
Last month, PhillipCapital had estimated that Bajaj Housing Finance would debut on the exchanges in September 2025 with an estimated listing price of Rs 550-570 per share. Bajaj Housing Finance’s assets under management stood at Rs 85,929 crore for the nine months ended December 31, up 31 per cent from a year earlier.
How were the quarterly results?
Recently Bajaj Finance has released the results for the March quarter. Under this, the company’s profit increased by 21 percent to Rs 3,825 crore in the January-March quarter of the last financial year. The company’s profit in the same quarter of the financial year 2022-23 was Rs 3,158 crore. Total income increased to Rs 14,932 crore in the March quarter from Rs 11,368 crore in the corresponding quarter of 2022-23. The company’s net interest income rose 28 percent to Rs 8,013 crore in the March quarter from Rs 6,254 crore in the March,2023 quarter. Let us tell you that the results of Bajaj Finance include Bajaj Housing Finance Limited, Bajaj Financial Securities Limited, Snapwork Technologies Private Limited and Pennant Technologies Private Limited.
