Bajaj Housing Finance Files DRHP with SEBI to Raise ₹7000 Crore via IPO – All You Need to Know

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Bajaj Housing Finance, a non-deposit-taking housing finance company registered with the National Housing Bank since September 2015, has filed its preliminary draft papers with SEBI to raise funds worth ₹7,000 crore through its upcoming public issue. The public issue comprises a fresh issue of equity shares of up to ₹4,000 crore and an offer for sale (OFS) of up to ₹3,000 crore by the parent company, Bajaj Finance Limited.

The share sale is being conducted to comply with RBI’s regulations, requiring upper-layer non-banking finance companies to be listed on stock exchanges by September 2025. The mortgage lender intends to utilize the proceeds from the fresh issue to augment the company’s capital base for future capital requirements and business development in lending.

The IPO includes a reservation of equity shares for eligible employees and shareholders of promoters. Kotak Mahindra Capital Company Limited, BofA Securities India Limited, Axis Capital Limited, Goldman Sachs (India) Securities Private Limited, SBI Capital Markets Limited, JM Financial Limited, and IIFL Securities Limited are the Book Running Lead Managers to the issue.

Bajaj Housing Finance offers financial solutions for purchasing and renovating residential and commercial properties. As an upper layer NBFC categorized by the RBI, its mortgage products include home loans, loans against property, lease rental discounting, and developer financing. In the financial year 2023-24, the company posted a net profit of ₹1,731 crore, marking a 38% growth from the previous year.

The IPO filing signifies a significant milestone for Bajaj Housing Finance as it aims to raise substantial funds for future expansion and growth. Investors are eagerly awaiting this public issue to take part in the company’s growth and success in the housing finance sector.