Bajaj Housing Finance IPO Listing: Bajaj Housing Finance, the housing finance company of Bajaj Group, received a record bid of Rs 3.15 lakh crore for its IPO. Now today its amazing listing has made the investors happy too. Its Rs 6560 crore IPO received more than 67 times the overall bid. Shares have been issued for Rs 70 under the IPO. Today it entered at Rs 150 on BSE and Rs 150 on NSE, that is, IPO investors got a listing gain of 114.28 percent (Bajaj Housing Finance Listing Gain). After listing, the shares rose further. It jumped to the upper circuit of Rs 154.33 (Bajaj Housing Finance Share Price) on BSE, that is, IPO investors are now in profit of 120.47 percent.

What is the advice of experts?

Anand Rathi Shares and Stock Brokers Head (Equity Research-Fundamental) Narendra Solanki has advised investors to hold it for the long term. According to Narendra, the company is trying to strengthen its relationship with existing customers as well as increase its dominance in the entire market by adding new customers and entering new areas. According to Narendra, there is no need to worry about its premium valuation as it is getting support from rapidly increasing AUM growth.

However, AUM Capital's research head Rajesh Aggarwal has advised investors to book some profits. SMT's co-founder and SEBI-registered research analyst VLA Ambala has also advised investors to withdraw half the profit and hold the remaining investment for the long term. Prashant Tapase, Senior Vice President (Research) of Mehta Equity, has advised conservative investors to book profits. At the same time, he has advised long-term investors to hold. Brokerage SMIFS is also bullish on it because its gross NPA and net NPA were the lowest compared to peers in FY 2024. According to the brokerage, its growth is expected to remain strong in the future as well.

Bajaj Housing Finance IPO got a strong response.

Investors invested in Bajaj Housing Finance's ₹6,560.00 crore IPO between 9-11 September in the price band of ₹66-₹70 and in lots of 214 shares. This issue received a strong response from investors of every category. The response from employees was lukewarm initially and the portion reserved for them was not fully filled for two days, but then they showed great enthusiasm on the last day. Overall, this issue was subscribed 67.43 times. In this, the portion reserved for qualified institutional buyers (QIB) was filled 222.05 times, the portion of non-institutional investors (NII) was filled 43.98 times, the portion of retail investors was filled 7.41 times, the portion of employees was filled 2.13 times and the quota of shareholders was filled 18.54 times.

Under this IPO, new shares worth Rs 3,560.00 crore have been issued. Apart from this, 42,85,71,429 shares with a face value of Rs 10 have been sold under the Offer for Sale window. Under the Offer for Sale, shares will be sold by its parent company Bajaj Finance. The money from the Offer for Sale has been received by the shareholders who sold the shares. The money raised through new shares will be used to increase the capital base of Bajaj Housing Finance.

Details of Bajaj Housing Finance

Bajaj Housing Finance, formed in 2008, is a non-deposit-taking housing finance company (HFC). It has been registered with the National Housing Bank (NHB) since 2015 and has been providing mortgage loans since FY 2018. RBI has declared it as an upper-layer NBFC in India. Due to this step of RBI, Bajaj Housing Finance's IPO has come because according to RBI rules, it is mandatory to list the shares within three years after becoming an upper-layer NBFC and this deadline for Bajaj Finance was to end in September 2025.

This company of Bajaj Group provides services like home loans, loan against property (LAP), rent concession, and developer finance. According to the data till March 2024, it had 3,08,693 active customers of which 81.7 percent were home loan customers. It has 215 branches at 174 locations in 20 states and 3 union territories of the country. It has six centralized retail loan review centers and seven central loan processing centers.

Talking about the financial health of the company, it has been continuously strengthening. In the financial year 2022, it had a net profit of Rs 709.62 crore, which jumped to Rs 1,257.8 crore in the next financial year 2023, and reached Rs 1,731.22 crore in the financial year 2024. During this period, the company's revenue grew at a compound growth rate (CAGR) of more than 42 percent annually to Rs 7,617.71 crore. Talking about this financial year 2024-25, in the first quarter April-June 2024, it has achieved a net profit of Rs 482.61 crore and a revenue of Rs 2,208.73 crore.