Bajaj Housing Finance Limited IPO – Everything You Need to Know
Bajaj Housing Finance Limited (BHFL), a subsidiary of Bajaj Finance Limited, is gearing up to launch its highly anticipated Initial Public Offering (IPO). This IPO provides a valuable opportunity for investors to be part of one of India’s leading housing finance companies, known for its innovative financial products and services.
IPO Key Details:
- Company Name: Bajaj Housing Finance Limited (BHFL)
- Parent Company: Bajaj Finance Limited
- IPO Type: Initial Public Offering (IPO)
- Issue Size: 428,571,429 shares of ₹10 (aggregating up to ₹3,000.00 Cr)
- Price Band: ₹66 to ₹70 per share
- Face Value: ₹10 per share
- IPO Dates: Monday, September 9, 2024
- Minimum Investment: 214 Shares (₹14,980)
- Listing On: NSE, BSE
Why Invest in Bajaj Housing Finance Limited IPO?
- Strong Market Position: BHFL is a key player in India’s housing finance sector, offering loans for home purchase, construction, renovation, and more.
- Parent Company Backing: As a subsidiary of Bajaj Finance Limited, BHFL benefits from the strength and brand reputation of one of India’s top financial companies.
- High Growth Potential: With rising demand in the housing sector and expanding urbanization, BHFL is well-positioned for growth.
- Innovative Financial Solutions: BHFL is known for offering flexible and customer-centric loan products, catering to a wide range of clients from salaried professionals to self-employed individuals.
How to Apply for Bajaj Housing Finance Limited IPO?
- Select a Broker: Choose a registered broker to apply through, either online or offline.
- Complete Your KYC: Ensure your KYC details are up to date and linked with your Demat account.
- Place Your Bid: Enter your bid within the price range set for the IPO and choose the number of shares you wish to apply for.
- Payment: Use ASBA (Application Supported by Blocked Amount) for smooth payment processing.
- Allotment: If your bid is successful, shares will be credited to your Demat account.
Important Dates to Remember:
- IPO Opening Date: Monday, September 9, 2024
- IPO Closing Date: Wednesday, September 11, 2024
- Allotment Date: Thursday, September 12, 2024
- Listing Date: Monday, September 16, 2024
- Initiation of Refunds: Friday, September 13, 2024
- Credit of Shares to Demat: Friday, September 13, 2024
Stay Updated:
Keep an eye on the latest news and developments regarding the Bajaj Housing Finance Limited IPO. Bookmark this page for all updates related to the issue price, allotment, and listing details.
Disclaimer:
Investing in an IPO carries market risks. Please consult with a financial advisor before making any investment decisions.
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