Bajaj Housing Finance IPO: All You Need to Know
About Bajaj Housing Finance
Bajaj Housing Finance Limited (BHFL) is a housing finance company (HFC) incorporated in 1987. The company offers a range of financial products including home loans, loans against property (LAP), and developer financing. BHFL is a part of the Bajaj Group, a diversified financial services conglomerate with operations in insurance, wealth management, and consumer finance.
Financial Performance
BHFL has consistently posted robust financial performance over the years. The company's loan book has grown at a CAGR of 20% over the past five years, and its net profit has grown at a CAGR of 25% during the same period. BHFL has a strong track record of asset quality, with its gross non-performing assets (GNPAs) remaining below 1%.
The IPO
BHFL filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on March 10, 2023. The company plans to raise up to Rs 5,000 crore through the IPO, which will be used to augment its capital base and support its growth plans.
Key Details
- Issue size: Rs 5,000 crore
- Price band: Rs 2,150-2,250 per share
- Open for subscription: March 23-25, 2023
- Listing date: April 3, 2023
Should You Invest in BHFL IPO?
The BHFL IPO is a good investment opportunity for investors who are looking for a long-term investment in the housing finance sector. The company has a strong track record of financial performance, a solid capital base, and a diversified loan portfolio. The IPO is also reasonably priced, with the issue price being at the lower end of the price band.
Disclaimer
This article is not meant as financial advice. Investors should consult with a qualified financial advisor before making any investment decisions.
Comments