Bajaj Housing Finance IPO: Should You Invest? But How? All Details here

Bajaj Housing Finance is all set to get listed on the exchanges on September 16. The IPO presents an opportunity to the investors to shift their portfolio base into the country’s leading housing finance sector player.

IPO Details

Bajaj Housing Finance Limited is set to raise ₹6,560 cr via a combination of fresh issue and offer for sale (OFS) of which 50% of the offered shares have been allocated to Qualified Institutional Buyers (QIBs), while 35% and 15% have been apportioned towards retail investors and Non-Institutional Investors (NIIs). Currently, the price band stays between ₹66-₹70 apiece.

Things to keep in mind while investing in the IPO

With an attractive price band ranging between ₹66-₹70, the IPO is set to attract several retail as well as institutional investors. The company is set to use a major chunk of the raised funds to augur its expansion plans, which could thereby enhance its profitability in the coming years. However, investors should be wary of uncertain market conditions as well as changes in housing finance regulations that could hamper the operational efficiency of the company.

About the company?

Bajaj Housing Finance Limited is engaged in financing residential and commercial properties. It’s being promoted by Bajaj Finance Limited and Bajaj Finserv Limited

How to apply for the IPO?

Financial platform HDFC SKY has come up with a notable feature called ‘One Click IPO’. The feature simplifies the IPO application process, thereby offering streamlined and efficient experience.

How to apply for an IPO using HDFC Sky’s One-Click feature?

Step 1 - By using the account credentials, log into HDFC SKY account

Step 2 - Navigate to the IPO section, by selecting “Indian Stocks”. After this, click on “Apply Now”

Step 3 - Search Bajaj Housing Finance IPO from the IPO and click on “Apply Now”

Step 4 - While filling crucial details, customise your application needs following which, you can enter the bid details

Step 5 - Proceed to payment by making Unified Payments Transfer (UPI)

Step 6- Approve the mandate by opening your UPI or banking app while confirming the transaction

Step 7- In the end, finalise the application by placing the order for the IPO.