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Bajaj Housing Finance Ltd files DRHP for IPO

Posted On: 2024-06-08 18:35:30 (Time Zone: IST)


Bajaj Housing Finance Limited ("BHFL"), a subsidiary of Bajaj Finance Limited, has been classified as an NBFC - Upper Layer and is required to be mandatorily listed on or before September 30, 2025. BHFL has filed a Draft Red Herring Prospectus ("DRHP") dated June 7, 2024, with the Securities and Exchange Board of India, BSE Limited and National Stock Exchange of India Limited in connection with its Initial Public Offering ("IPO") of equity shares, subject to receipt of regulatory approvals, market conditions and other considerations.

BHFL is proposing to undertake an IPO of its equity shares of face value of ?10 each ("Equity Shares") comprising of a fresh issue of Equity Shares aggregating up to ?40,000.0 million and an offer for sale of such number of Equity Shares aggregating to ?30,000.0 million by Bajaj Finance Limited ("Promoter Selling Shareholder") (each subject to any revisions to such amounts as may be permissible under applicable law, including the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended).

The IPO includes a reservation for subscription by certain eligible shareholders of Bajaj Finance Limited and Bajaj Finserv Limited, and certain eligible employees of BHFL, Bajaj Finance Limited, and Bajaj Finserv Limited.

Shares of Bajaj Finance Limited was last trading in BSE at Rs. 7190.15 as compared to the previous close of Rs. 6923.25. The total number of shares traded during the day was 106270 in over 16771 trades.

The stock hit an intraday high of Rs. 7298.00 and intraday low of 6942.25. The net turnover during the day was Rs. 761848251.00.


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