The worth band for the IPO has been fastened at Rs 66-70 a share.
Promoted by Bajaj Finance and Bajaj Finserv, the corporate goals to lift Rs 6,560 crore via the IPO, which incorporates Rs 3,560 crore from contemporary fairness gross sales and a Rs 3,000 crore supply on the market (OFS).
Forward of the general public subject, Bajaj Housing Finance has secured Rs 1,758 crore from marquee anchor buyers, allotting shares at Rs 70 per share, the higher finish of the value band. The anchor buyers embody outstanding names just like the Authorities of Singapore, ADIA, Constancy, Invesco, HSBC, Morgan Stanley, Nomura, and JP Morgan.
The online proceeds from the IPO will bolster the corporate’s capital base to help future enterprise enlargement, significantly in onward lending.Bajaj Housing Finance is a non-deposit-taking HFC registered with the Nationwide Housing Financial institution since September 2015, providing tailor-made monetary options for buying and renovating residential and business properties.It has additionally been recognized and categorized as an upper-layer NBFC by the RBI in India and its complete mortgage merchandise embody house loans, loans in opposition to property, lease rental discounting and developer financing.The corporate primarily focuses on particular person retail housing loans, supported by a various vary of business and developer loans, serving prospects from homebuyers to massive builders.
For the fiscal yr 2023-24, the housing lender posted a internet revenue of Rs 1,731 crore, marking a progress of 38% from Rs 1,258 crore in FY23.
Kotak Mahindra Capital, BofA Securities, Axis Capital, Goldman Sachs (India) Securities, SBI Capital Markets, JM Monetary, and IIFL Securities are the e book operating lead managers to the problem.
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