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News Details

03/09/2024 15:50

Bajaj Housing Fin announces launch of initial public offering

Bajaj Housing Finance Ltd. has announced public offering of 991285716 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 60.00 per share. The gross proceeds of the issue are expected to be Rs 6,93,900.00 lakhs.

The company's initial public offer (IPO) will open on 09 September 2024 and is expected to close on 11 September 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 66.00-70.00 per share.

The IPO includes a fresh Issue of 991285716 Equity Shares of the Company at an price of Rs 70.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 214 shares with bids in multiples of 214.

Bajaj Housing Finance Ltd. anticipates using the proceeds of the issue for .

Kotak Mahindra Capital Company Limited,Goldman Sachs (India) Securities Private Limited,JM Financial Ltd.,BofA Securities India Limited,Axis Capital Ltd.,IIFL Securities Ltd.,SBI Capital Markets Ltd. as lead manager(s) & KFin Technologies Ltd. is the registrar, to the issue.