The Bajaj Housing Finance IPO will be open for subscription from September 9 to September 11, 2024

Bajaj Housing Finance IPO and the innovative “One-Click IPO” feature from HDFC Sky Investors can participate in this significant market event, with shares priced between ₹66 and ₹70 each. The IPO aims to raise ₹6,560 Crores, including a fresh issue and offer for sale

The Bajaj Housing Finance IPO is capturing attention as it prepares to open for subscription from September 9 to September 11, 2024. This significant event in the stock market promises to offer investors a robust opportunity to engage with a leading player in the housing finance sector.

Here’s an in-depth look at the Bajaj Housing Finance IPO, and the innovative ‘One-Click IPO’ feature from HDFC Sky to aid the investment process.

Read on to discover as experts review the Bajaj Housing Finance IPO through the lens of strengths and risks to enable investors to make an informed decision.

Bajaj Housing Finance IPO: Key details

The Bajaj Housing Finance IPO presents a substantial opportunity for investors. Here’s a comprehensive look at the details:

Detail	Information
IPO Date	September 9, 2024, to September 11, 2024
Listing Date	September 16, 2024
Face Value	₹10 per share
Price Band	₹66 to ₹70 per share
Lot Size	214 shares
Total Issue Size	₹6,560 Crores (comprising a fresh issue and offer for sale)
Fresh Issue	50.86 crore shares (aggregating up to ₹3,560 Crores)
Offer for Sale	42.86 crore shares (aggregating up to ₹3,000 Crores)
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE
Shareholding Pre-Issue	7,819,575,273 shares
Shareholding Post-Issue	8,328,146,702 shares

Bajaj Housing Finance IPO reservation

The IPO is allocated among various investor categories, ensuring broad participation:

Investor Category	Shares Offered
QIB	Up to 50% of the Net offer
Retail	At least 35% of the Offer
NII (HNI)	At least 15% of the Offer

IPO timeline

Key dates for the Bajaj Housing Finance IPO are as follows:

Event	Date
IPO Open Date	September 9, 2024
IPO Close Date	September 11, 2024
Basis of Allotment	September 12, 2024
Initiation of Refunds	September 13, 2024
Credit of Shares to Demat	September 13, 2024
Listing Date	September 16, 2024
Cut-off Time for UPI Mandate Confirmation	5 PM on September 11, 2024

Bajaj Housing Finance IPO Lot Size

Investors can bid with the following lot sizes:

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Application	Lots	Shares	Amount
Retail (Min)	1	214	₹14,980
Retail (Max)	13	2,782	₹194,740
S-HNI (Min)	14	2,996	₹209,720
S-HNI (Max)	66	14,124	₹988,680
B-HNI (Min)	67	14,338	₹1,003,660

Bajaj Housing Finance IPO: Promoter holding details

Bajaj Finance Limited and Bajaj Finserv Limited are the primary promoters of the company. Here’s a clear look at the shareholding details before and after the IPO:

Detail	Information
Promoters	Bajaj Finance Limited, Bajaj Finserv Limited
Shareholding Pre-Issue	100.00%
Shareholding Post-Issue

Review of Bajaj Housing Finance IPO

The Bajaj Housing Finance IPO offers a blend of growth potential and stability, given the company’s strong position in the housing finance sector. The issue size of ₹6,560 Crores, including both fresh issue and offer for sale, signals a substantial capital raise aimed at expanding operations and strengthening its market position.

Strengths

Established brand: Bajaj Housing Finance is part of the well-regarded Bajaj Group, known for its robust financial track record and market presence.
Growth potential: With a significant fresh issue component, the IPO is set to fund expansion plans, which could enhance future profitability.
Attractive pricing: The price band of ₹66 to ₹70 per share is positioned to entice a vast range of investors, from retail to institutional.

Risks

Market volatility: As with any IPO, market conditions can impact the stock's initial performance. Investors should be mindful of broader market trends.
Regulatory risks: Changes in housing finance regulations could affect profitability and operational efficiency.

How to apply for IPO using HDFC Sky's One-Click feature

The One Click IPO feature on HDFC Sky’s simplifies the IPO application process, offering a streamlined and efficient experience. Here’s how you can leverage this feature to apply for the Bajaj Housing Finance IPO:

Login to HDFC Sky: Start by logging into your HDFC Sky account using your credentials.
Navigate to IPO section: Go to your profile, select “Indian Stocks,’ and then click on "IPO."
Select the IPO: Find the Bajaj Housing Finance IPO from the list and click on "Apply Now."
Add bid and customize: Enter your bid details and customise your application as needed.
Proceed to payment: Choose to pay using UPI (Unified Payments Interface).
Approve the mandate: Open your UPI or banking app to approve the payment mandate.
Confirm and place order: Finalise your application by confirming and placing your order.

Key features of HDFC Sky’s One Click IPO:

Effortless application: Apply for the IPO with just one click, minimising paperwork and reducing the likelihood of errors.
Real-Time updates: Get instant notifications about your application status, allotment results, and refunds, keeping you updated throughout the process.
Unified management: Manage all your IPO investments from a single, integrated platform for a cohesive experience.
Accessible from anywhere: Apply from anywhere using the HDFC Sky mobile app or online portal, providing you with flexibility and ease.

The Bajaj Housing Finance IPO is a significant opportunity for investors, offering a compelling mix of growth potential and stability. Coupled with the innovative One-Click IPO feature from HDFC Sky, this IPO simplifies the investment process, making it more accessible and efficient. As the IPO opens, investors have a chance to engage with a leading housing finance company in a streamlined, user-friendly manner. Don’t miss this opportunity to be part of a major market event with cutting-edge investment technology.

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This story originally appeared on: India Times - Author:Faqs of Insurances