On Friday, anchor investors received shares worth Rs. 1,757 crore from Bajaj Housing Finance. It distributed 251 million shares to over 100 investors at a price of Rs 70 each.
The Government of Singapore, HDFC MF, New World Fund, and Capital Group were among the investors who received an allotment.
On Monday, subscribers can sign up for the IPO of Bajaj Housing. The IPO includes a fresh fund raise of Rs. 3,000 crore, which will be used to increase the company's capital base.
The issue also includes a secondary share sale by promoter Bajaj Finance for Rs 3,560 billion.
The IPO's price range is Rs 66-70 per share. On a post-diluted basis, Bajaj Housing will be valued at Rs 58,300 crore at the highest end. On a post-money basis, Bajaj Housing is valued at the highest end of this price range at a price-to-book ratio of 3.2 times.
The company's book value per share for the June 2024 quarter was Rs 18. On an income of Rs 810 crore, it had made a net profit of Rs 483 crore. A non-deposit housing finance company (NBFC) is Bajaj Housing.
Through its suite of products, which include home loans, loans against property, lease rental discounting, and developer finance, it is categorized as an Upper Layer NBFC. It provides financing solutions to individuals and businesses. BHFL had 215 branches in 174 locations across 20 states as of June 30, 2024. It had a capital adequacy ratio of 23.8 percent and an AUM of Rs 97,000 crore.
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