The highly anticipated Bajaj Housing Finance IPO has shattered historical records, drawing bids worth over Rs 3.2 lakh crore. The company aimed to raise approximately Rs 6,560 crore through a mix of fresh equity sale and an Offer for Sale (OFS).
At the close of the issue, the IPO was subscribed 63.6 times, reflecting robust demand, particularly from non-institutional investors, whose category was subscribed over 200 times.
This level of subscription is even more remarkable, given the presence of three other IPOs in the primary market—Kross, Tolins, and PN Gadgil.
Which was the previous record holding IPO?
The previous record was held by Tata Technologies, which saw bids worth over Rs 1.5 lakh crore for its Rs 3,000 crore IPO.
Which was the previous record holding IPO?
The previous record was held by Tata Technologies, which saw bids worth over Rs 1.5 lakh crore for its Rs 3,000 crore IPO.
With its record-breaking IPO and strong financial performance, Bajaj Housing Finance has established itself as a key player in the housing finance sector, poised for significant growth.
About Bajaj Housing Finance
Bajaj Housing Finance, a non-deposit-taking Housing Finance Company (HFC), has been registered with the National Housing Bank since September 2015. The company offers a wide range of tailored financial solutions for purchasing and renovating residential and commercial properties.
Recognized as an upper-layer Non-Banking Financial Company (NBFC) by the Reserve Bank of India (RBI), its portfolio includes home loans, loans against property, lease rental discounting, and developer financing.
The company primarily focuses on individual retail housing loans, supported by a diverse set of commercial and developer loans. Its customer base ranges from homebuyers to large developers.
