{"id":2498,"date":"2024-08-29T15:49:04","date_gmt":"2024-08-29T10:19:04","guid":{"rendered":"https:\/\/www.eqwires.com\/tutorials\/?p=2498"},"modified":"2024-08-29T15:49:06","modified_gmt":"2024-08-29T10:19:06","slug":"bajaj-finance-bajaj-twins-leap-3-amid-buzz-of-upcoming-bajaj-housing-ipo","status":"publish","type":"post","link":"https:\/\/www.eqwires.com\/tutorials\/bajaj-finance-bajaj-twins-leap-3-amid-buzz-of-upcoming-bajaj-housing-ipo\/","title":{"rendered":"Bajaj Finance, Bajaj Twins leap 3% amid buzz of upcoming Bajaj Housing IPO"},"content":{"rendered":"\n<p>Shares of Bajaj Twins &#8211; Bajaj Finance, Bajaj Finserv surged up to 3 percent on August 29 as reports suggested that Bajaj Housing Finance may launch its initial public offering (IPO) as soon as first half of September 2024. The company will mop up Rs 7,000 crore from this issue.<\/p>\n\n\n\n<p>The IPO will have a special quota for shareholders of Bajaj Finserv and Bajaj Finance, both of whom are classified as \u2018promoters.\u2019\u00a0Bajaj Finance has a 100 percent stake in Bajaj Housing, while Bajaj Finserv holds 51.34 percent in Bajaj Finance.\u00a0The public issue\u00a0will have Rs 4,000 crore fresh issue and Rs 3,000 crore offer-for-sale. Following this, the IPO would be listed on both BSE and NSE.<\/p>\n\n\n\n<p>Despite the company not announcing the price band yet, Bajaj Housing Finance is already commanding a grey market premium of Rs 41 in unlisted markets.<\/p>\n\n\n\n<p>Earlier in June, Bajaj Housing Finance filed its draft red herring prospectus (DRHP) for Rs 7,000-crore IPO with Sebi. It had to comply with rules of the Reserve Bank of India that entailed listing of upper-layer non-banking finance companies on stock markets by September 2025.<\/p>\n\n\n\n<p>Kotak Mahindra Capital, BofA Securities India, Axis Capital, Goldman Sachs (India) Securities, SBI Capital Markets, JM Financial, and IIFL Securities are the book-running lead managers. KFin Technologies was the registrar to the issue.&nbsp;Bajaj Housing will utilise the net proceeds from the fresh issue to augment its capital base to meet future business requirements. A portion of the proceeds from the fresh issue will be used towards meeting offer expenses.<\/p>\n\n\n\n<p>Bajaj Housing Finance is a diversified NBFC catering to more than 76.5 million customers across the country, according to its website. Based in Pune, it offers finance to individuals as well as corporate entities for the purchase and renovation of homes or commercial spaces.<\/p>\n\n\n\n<p>As of March 2024, the company\u2019s assets under management (AUM) stood at Rs 9.14 lakh crore, growing at an annualised rate of 30.9 percent between FY22 and FY24.&nbsp;Its average ticket size for home loans is Rs 46 lakh, with an average loan-to-value ratio of 70.5 percent, as of March 31.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.eqwires.com\/tutorials\/who-is-the-best-sebi-registered-investment-advisor-in-i\">Eqwires Research Analyst<\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-gray-color has-text-color\"><strong><a href=\"https:\/\/www.eqwires.com\/\">Top-notch SEBI registered research analyst<\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-gray-color has-text-color\"><strong><a rel=\"noreferrer noopener\" href=\"https:\/\/www.eqwires.com\/\" target=\"_blank\">Best SEBI registered Intraday tips provider <\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-gray-color has-text-color\"><a href=\"mailto:info@eqwires.com\"><strong>info@eqwires.com<\/strong><\/a><\/p>\n\n\n\n<p class=\"has-dark-red-color has-text-color\"><strong><a href=\"https:\/\/t.me\/eqwires\">Telegram&nbsp;<\/a>|&nbsp;<a href=\"https:\/\/www.facebook.com\/eqwires\/\">Facebook&nbsp;<\/a>|&nbsp;<a href=\"https:\/\/instagram.com\/Eqwires\">Instagram<\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-red-color has-text-color\"><strong>Call: +91 9624421555 \/&nbsp;<em>+91 9624461555<\/em><\/strong><\/p>\n\n\n\n<p><strong><a href=\"http:\/\/www.eqwires.com\/\">www.eqwires.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Bajaj Twins &#8211; Bajaj Finance, Bajaj Finserv surged up to 3 percent on August 29 as reports suggested that Bajaj Housing Finance may launch its initial public offering (IPO) as soon as first half of September 2024. The company will mop up Rs 7,000 crore from this issue. The IPO will have a special quota for shareholders of Bajaj Finserv and Bajaj Finance, both of whom are classified as \u2018promoters.\u2019\u00a0Bajaj Finance has a &hellip; <a href=\"https:\/\/www.eqwires.com\/tutorials\/bajaj-finance-bajaj-twins-leap-3-amid-buzz-of-upcoming-bajaj-housing-ipo\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Bajaj Finance, Bajaj Twins leap 3% amid buzz of upcoming Bajaj Housing IPO&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":2499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[201,172,136,138,134,164,217,368,139,140,324,106,272,266,98,72,97,184,73,268,135,137,133,330,104,141,299,161,160,159,74,210,75,158,166,311,228,227,103,254,102,224,257,298,300,101,105,301,165,327,329,76,77,78,79,247,365,308,361,363,215,216,174,80,81,99,218,82,340,339,320,183,168,167,170,251,83,84,85,86,87,108,88,202,155,154,273,89,100,90,91,92,93,94,95,236,255,385,232,231,250,96,3,260,252,248,249,322,107,192,220,360,275,223,156,157,341,246,238,207,177,176,175],"tags":[4,5,267,6,200,7,12,116,19,149,147,173,145,14,118,11,150,153,265,120,9,271,190,191,13,188,18,318,8,185,316,10,17,269,148,151,146,15,331,319,16,122,144,162,23,41,25,24,27,21,194,50,312,229,226,124,33,253,126,225,119,20,258,28,297,49,127,315,121,230,295,125,115,22,113,29,328,333,317,332,334,314,52,123,131,348,366,357,309,310,359,362,354,349,351,364,213,26,182,111,130,31,62,34,30,42,219,57,112,186,169,56,171,64,132,206,59,53,264,128,43,336,242,237,51,110,32,187,35,55,44,270,288,196,47,37,195,45,39,36,40,203,38,143,152,129,142,46,48,63,67,60,61,65,234,71,235,54,256,117,386,233,68,193,241,335,205,261,263,209,262,337,244,66,204,70,109,259,221,291,274,222,163,69,58,342,239,208,114,178,181,179,180,290],"class_list":["post-2498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accurate-stock-tips-provider-in-india","category-best-advisory-service-provider-for-beginners","category-best-bank-nifty-future-calls","category-best-bank-nifty-options-tips-provider","category-best-bank-nifty-trading-tips-provider","category-best-equity-advisory-services-in-india","category-best-ethical-investment-advisor-in-india","category-best-financial-advisor-websites-in-india","category-best-index-future-services","category-best-index-options-services","category-best-intraday-advisor-in-india","category-best-intraday-call-provider","category-best-intraday-jackpot-calls","category-best-intraday-research-company","category-best-intraday-tips-for-tomorrow","category-best-intraday-tips-provider-in-india","category-best-intraday-tips-site","category-best-intraday-tips-website-in-india","category-best-investment-advisor-in-india","category-best-jackpot-tips-provider","category-best-nifty-future-calls","category-best-nifty-options-tips-provider","category-best-nifty-trading-tips-provider","category-best-option-trading-telegram-channel","category-best-options-tips-provider-in-india","category-best-options-trading-tips-provider-in-india","category-best-paid-stock-recommendation-sites-india","category-best-performing-pms-in-india","category-best-pms-in-india","category-best-portfolio-management-services-in-india","category-best-sebi-registered-advisory-company","category-best-sebi-registered-investment-advisor","category-best-sebi-registered-investment","category-best-sebi-registered-research-analyst","category-best-sebi-registered-stock-tips-provider","category-best-sebi-registered-telegram-channel","category-best-share-market-advisor-in-india","category-best-share-market-advisory-company-in-india","category-best-share-market-consultants-in-india","category-best-share-market-tips","category-best-share-market-tips-provider-in-india","category-best-share-tips-provider-in-india","category-best-stock-advisor","category-best-stock-advisor-websites-in-india","category-best-stock-advisory-service-in-india","category-best-stock-market-advisory-services-in-india","category-best-stock-market-tips-provider-service","category-best-stock-recommendation-service-in-india","category-best-stock-tips-provider-in-india","category-best-stock-tips-provider-in-telegram","category-best-telegram-channel-for-stock-market-tips-in-india","category-business","category-commodity-market","category-currency","category-equity-market","category-equity-research-analyst","category-eqwires-best-investment-advisor-in-india","category-eqwires-best-sebi-registered-investment-advisor-in-india","category-eqwires-best-stock-advisor-websites-in-india","category-eqwires-most-successful-stock-advisors-in-india","category-ethical-sebi-registered-investment-advisor","category-ethical-sebi-registered-research-analyst","category-fact-about-operator-based-calls","category-fii-based-calls","category-foreign-markets","category-free-intraday-stock-tips-for-tomorrow","category-genuine-intraday-tips-provider","category-genuine-stocks-tips-provider","category-googles-highest-ranking-sebi-registered-research-analyst","category-googles-highest-ranking-sebi-registered-stock-advisory-company","category-high-accuracy-intraday-tips","category-how-can-i-make-profit-in-intraday-trading","category-how-to-earn-profit-from-intraday-trading","category-how-to-invest-in-stock-market","category-how-to-make-profit-in-intraday-trading-in-share-market","category-intraday-tips","category-intraday-tradi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