Bajaj Housing Finance plans for a whopping ₹7,000 Crores IPO!
Curious about details? Let's dive in! 👇
Bajaj Housing Finance Limited is a wholly owned subsidiary of Bajaj Finance Limited
They offer finance to individuals as well as corporate entities for the purchase and renovation of homes, or commercial spaces.
Bajaj Housing Finance has filed a DRHP with SEBI for a ₹7,000 Cr IPO.
It comprises a ₹4,000 Cr fresh issue and a ₹3,000 Cr Offer For Sale (OFS) by Bajaj Finance Ltd.
What's driving this IPO?
Bajaj Housing Finance aims to enhance their capabilities in a booming Indian housing finance market projected to grow at 13-15% CAGR from 2023 to 2027.
Fact: Maharashtra leads in housing finance credit, accounting for 22% as of December 2023.
Why is this significant?
In India, real estate is a major investment for most households.
As per the RBI’s 2017 report, 77% of the average Indian household's assets are in real estate.
Bajaj Finance's financials for 2024 show strong growth across all metrics, with sales up 34.46%, profit up 37.64%, and EPS up 36.84%.
How does Bajaj Housing Finance compare?
They are 5 times smaller than LIC Housing Finance in terms of AUM
As of fiscal 2024, they boast the lowest GNPA ratio of 0.27% and NNPA ratio of 0.10% among large HFCs in India
It reflects excellent credit risk management.
What do you think about Bajaj Housing Finance's growth prospects and their upcoming IPO?
Share your thoughts in the comments! 🗨️
Please give this a ❤️ and share the knowledge ahead!
Curious about details? Let's dive in! 👇
Bajaj Housing Finance Limited is a wholly owned subsidiary of Bajaj Finance Limited
They offer finance to individuals as well as corporate entities for the purchase and renovation of homes, or commercial spaces.
Bajaj Housing Finance has filed a DRHP with SEBI for a ₹7,000 Cr IPO.
It comprises a ₹4,000 Cr fresh issue and a ₹3,000 Cr Offer For Sale (OFS) by Bajaj Finance Ltd.
What's driving this IPO?
Bajaj Housing Finance aims to enhance their capabilities in a booming Indian housing finance market projected to grow at 13-15% CAGR from 2023 to 2027.
Fact: Maharashtra leads in housing finance credit, accounting for 22% as of December 2023.
Why is this significant?
In India, real estate is a major investment for most households.
As per the RBI’s 2017 report, 77% of the average Indian household's assets are in real estate.
Bajaj Finance's financials for 2024 show strong growth across all metrics, with sales up 34.46%, profit up 37.64%, and EPS up 36.84%.
How does Bajaj Housing Finance compare?
They are 5 times smaller than LIC Housing Finance in terms of AUM
As of fiscal 2024, they boast the lowest GNPA ratio of 0.27% and NNPA ratio of 0.10% among large HFCs in India
It reflects excellent credit risk management.
What do you think about Bajaj Housing Finance's growth prospects and their upcoming IPO?
Share your thoughts in the comments! 🗨️
Please give this a ❤️ and share the knowledge ahead!