Price band: ₹ 66 to ₹ 70 per equity share of face value of ₹ 10 each
The initial public offer (IPO) of Bajaj Housing Finance Limited(BHFL) will open on 9 September 2024. Shares are being offered in the price band of Rs 66 to Rs 70 per share.The company intends to raise Rs.6,560 crore.
Bids can be made for a minimum of 214 Equity Shares and in multiples of 214 Equity Shares thereafter.
The issue comprises a fresh issue of shares aggregating up to Rs 3,560 crore and an offer for sale of shares aggregating up to Rs 3,000 crore.
The Anchor Investor Bidding date is Friday, 26 September 2024. The Bid / Offer Closing date will be Wednesday, 11 September 2024.
For subscription by Employee, reservation portion includes Equity Shares aggregating up to ₹200 crore and for shareholders of Bajaj Finance Limited and Bajaj Finserv Limited, reservation portion includes Equity Shares aggregating up to ₹ 500 crore.
The Company intends to utilize the proceeds of the offer to augment its capital base to meet future business requirements towards onward lending.
The shares are proposed to be listed on Mumbai Stock Exchange (BSE Limited) and National Stock Exchange of India Limited ( NSE). For the purposes of the Offer, NSE is the Designated Stock Exchange.
