Bajaj Housing Finance Share: Bajaj Housing Finance Limited (BHFL) has garnered extensive attention within the monetary markets, specially following its current Initial Public Offering (IPO). This complete evaluation delves into the employer’s historical past, IPO information, financial overall performance, and inventory overall performance, providing ability investors with an intensive know-how of BHFL’s market function and destiny prospects.
About Bajaj Housing Finance Limited
Bajaj Housing Finance Limited is a non-deposit-taking housing finance organisation registered with the National Housing Bank (NHB) when you consider that September 24, 2015. The enterprise began its mortgage lending operations in the monetary year 2017-18 (FY18). BHFL offers a wide variety of monetary solutions, along with:
- Home Loans: Facilitating the purchase and renovation of residential houses.
- Loans Against Property (LAP): Providing price range against residential and commercial residences.
- Lease Rental Discounting: Offering loans based totally on rental profits from leased houses.
- Developer Financing: Extending monetary guide to actual property developers.
As of March 31, 2024, BHFL served 308,693 lively clients, with 81.7% being home mortgage customers. The organisation’s enormous network incorporates 215 branches across 174 places in 20 states and 3 Union Territories, making sure a broad marketplace is attained.
Initial Public Offering (IPO) Details
Bajaj Housing Finance Limited IPO Details
| Attribute | Details |
|---|---|
| IPO Open Date | September 9, 2024 |
| IPO Close Date | September 11, 2024 |
| Listing Date | September 16, 2024 |
| Price Band | ₹66 to ₹70 per share |
| Face Value | ₹10 per share |
| Lot Size | 214 shares |
| Minimum Investment | ₹14,124 (214 shares x ₹66) |
| Issue Size | Approximately ₹6,560 crore |
| Fresh Issue | Shares worth ₹3,560 crore |
| Offer for Sale (OFS) | Shares worth ₹3,000 crore |
| Total Shares Offered | 937,142,858 equity shares |
| Listing Exchanges | BSE and NSE |
| Registrar | KFin Technologies Limited |
| Anchor Investor Allocation Date | September 6, 2024 |
Bajaj Housing Finance Limited released its IPO in September 2024, aiming to elevate finances to bolster its capital base and guide future lending sports. Key information of the IPO consists of:
- IPO Dates: Opened on September 9, 2024, and closed on 9-11, 2024.
- Price Band: Set among ₹ 67 to ₹70 according to share.
- Issue Size: Aggregated to ₹6,560 crore, comprising a clean difficulty and a proposal on the market.
- Lot Size: Minimum order amount changed into 214 stocks, requiring a minimal investment of about ₹14,124.
- Listing Date: Shares have been indexed on September sixteen, 2024, on both the BSE and NSE.
The IPO obtained an awesome reaction, being oversubscribed almost two times on the first day of bidding. The subscription breakdown turned into as follows:
- Qualified Institutional Buyers (QIBs): 209.36x subscription.
- Non-Institutional Investors:41 .37x subscription.
- Retail Individual Investors: 6.81x subscription.
- Employees: 1.94x subscription.
- Shareholders: 17.32x subscription.
Financial PerformanceBajaj Housing Finance Limited Revenue Growth (FY21 – FY24)
| Financial Year (FY) | Total Revenue (₹ Crore) | Growth Rate (YOY%) |
|---|---|---|
| FY21 | ₹3,155.28 crore | – |
| FY22 | ₹4,738.14 crore | +50.18% |
| FY23 | ₹6,281.59 crore | +32.58% |
| FY24 | ₹7,617.71 crore | +21.28% |
Key Insights:
Revenue reached ₹7,617.71 crore in FY24, indicating consistent expansion.
The CAGR (Compound Annual Growth Rate) from FY21 to FY24 is approximately 34.46%.
The highest growth (+50.18%) was recorded in FY22.
Analyzing BHFL’s economic overall performance affords insights into its increased trajectory and profitability:
Revenue and Profit Growth
- Total Revenue: Increased from, ₹3155.28 crore in FY21 to ₹7,617.71 crore in FY24, reflecting a CAGR of approximately 34.46%.
- Net Profit (PAT): Grew from ₹453.19 crore in FY21 to ₹1,731.22 crore in FY24, indicating a sturdy CAGR of around 37.64r%.
Profit Margins
- EBIT Margin: Maintained a healthy margin, standing at 91.02% in Dec 2024.
- Net Profit Margin: Reported at 22.38% in Dec 2024, showcasing efficient fee control and profitability.
Earnings Per Share (EPS)
- EPS: Increased from ₹0.93 in FY21 to ₹2.58 in FY24, demonstrating improved shareholder value.
Stock Performance
Post-IPO, BHFL’s stock has exhibited wonderful movements:
- Listing Price: Debuted at ₹one hundred fifty.00 per proportion, a 114.29% top rate over the difficulty fee of ₹70.
- 52-Week Range: The inventory has fluctuated between ₹103.10 and ₹188.50.
- Current Price: As of April 3, 2025, the stock is trading at ₹123.29.
Market Capitalization and Valuation
- Market Cap: Approximately ₹1,01,312 crore.
- Price-to-Earnings (P/E) Ratio: Stands at 51.77, better than the enterprise average of 24.59 indicating high increase expectations.
- Price-to-Book (P/B) Ratio: Recorded at 5.39, reflecting investor confidence within the company’s asset base.
Shareholding Pattern
Bajaj Housing Finance Shareholding Pattern (Latest Data)
| Category | Shareholding (%) |
|---|---|
| Promoter & Promoter Group | 88.75% |
| Public Shareholding | 11.25% |
| Institutional Investors | 7.50% |
| Retail Investors | 3.75% |
Key Insights:
- Promoters hold a dominant share of 88.75%, indicating strong control over the company.
- Public investors own 11.25% of the shares, which includes institutional and retail investors.
- Institutional investors (such as mutual funds, banks, and FIIs) hold 7.50%, showing confidence from large financial entities.
- Retail investors account for 3.75%, indicating limited but steady participation from small investors.
As per the ultra-modern disclosures:
- Promoter & Promoter Group: Holds 88.75% of the stocks.
- Public Shareholding: Constitutes 11.25%.
This shape underscores sturdy promoter self-belief in the agency’s destiny prospects.
Strengths and Risks
Strengths
- Diverse Product Portfolio: Offers an extensive variety of mortgage merchandise catering to numerous consumer segments.
- Extensive Distribution Network: Presence throughout multiple states complements market penetration.
- Robust Financial Performance: Consistent sales and income growth suggest strong operational performance.
- Strategic Partnerships: Collaborations with coverage companies and digital platforms increase provider services.
Risks
- Market Competition: Faces excessive opposition from other housing finance groups and banks.
- Regulatory Changes: Subject to regulatory policies governing the housing finance zone.
- Interest Rate Fluctuations: Changes in hobby quotes can affect borrowing expenses and internet interest margins.
Future Outlook
Bajaj Housing Finance Limited is poised for persevered growth, leveraging its robust marketplace role, various product services, and considerable distribution network. The organisation’s recognition of increasing its client base, improving digital capabilities, and maintaining asset high quality can be essential in sustaining its increased momentum.
Investors need to keep in mind BHFL’s sturdy economic performance, market function, and capability dangers earlier than making investment choices. Consulting with monetary advisors and carrying out thorough due diligence is suggested to align investments with individual financial goals and hazard tolerance.
Disclaimer
The information provided in this article about Bajaj Housing Finance Share is for educational and informational purposes only. It is not intended as financial, investment, or trading advice. Stock market investments are subject to market risks, and past performance does not guarantee future results.
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