Bajaj Housing Finance Set to Launch IPO Between September 9-11, Aims to Raise Rs 6,560 Crore
Bajaj Housing Finance's highly anticipated IPO is set to open between September 9-11, with a total issue size of Rs 6,560 crore. The price band will be announced on September 3, while the anchor portion will be on September 6.
Bajaj Housing FinanceIpoNbfcRbiKotak Mahindra CapitalCyril Amarchand MangaldasReal Estate NewsAug 31, 2024
The price band for the IPO will be announced on September 3, while the anchor portion will be on September 6, according to the red herring prospectus (RHP) filing.
In June, Bajaj Housing Finance filed draft papers with the Securities and Exchange Board of India (SEBI) for a Rs 7,000 crore IPO, including new shares worth Rs 4,000 crore and a Rs 3,000 crore offer for sale by its parent. The market regulator gave its nod to the IPO earlier this month.
Kotak Mahindra Capital, BofA Securities, Axis Capital, JM Financial Ltd, IIFL Securities, Goldman Sachs, and SBI Capital Markets are the book-running lead managers for the IPO. Cyril Amarchand Mangaldas is the legal advisor to the housing financier.
Frequently Asked Questions
What is the total issue size of the Bajaj Housing Finance IPO?
The total issue size is Rs 6,560 crore, comprising a primary portion of Rs 3,560 crore and a secondary portion of Rs 3,000 crore.
When will the price band for the IPO be announced?
The price band will be announced on September 3.
Who are the book-running lead managers for the IPO?
Kotak Mahindra Capital, BofA Securities, Axis Capital, JM Financial Ltd, IIFL Securities, Goldman Sachs, and SBI Capital Markets are the book-running lead managers for the IPO.
What services does Bajaj Housing Finance provide?
Bajaj Housing Finance offers finance to individuals as well as corporate entities for the purchase and renovation of homes or commercial spaces.
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