Simplifying Bajaj Housing Finance IPO With the One-Click IPO Feature
The IPO of Bajaj Housing Finance is sure to attract a lot of attention as the company has a good reputation in the market
Initial Public Offering (IPO) is a pivotal event in the stock market. It is in the IPO that investors get the opportunity to buy shares in a company at its ground level, usually with great returns. They attract both seasoned and novice investors.
The IPO of Bajaj Housing Finance is sure to attract a lot of attention as the company has a good reputation in the market. Making the investment easier to access, "One Click IPO" is an innovative feature by HDFC Sky, through which anyone can buy an IPO in One Click.
Bajaj Housing Finance IPO Details
Investor interest in the Bajaj Housing Finance IPO has increased, and decision-making requires a thorough comprehension of the company’s shares.
The following are the key aspects:
IPO Date September 9, 2024 to September 11, 2024
Listing Date [.]
Face Value Rs 10 per share
Price Band Rs 66 to Rs 70 per share
Lot Size 214 Shares
Total Issue Size 937,142,858 shares
(aggregating up to Rs 6,560.00 Cr)
Fresh Issue 508,571,429 shares
(aggregating up to Rs 3,560.00 Cr)
Offer for Sale 428,571,429 shares of Rs 10
(aggregating up to Rs 3,000.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Shareholding pre issue 7,819,575,273
Shareholding post issue 8,328,146,702
Bajaj Housing Finance IPO Timeline (Tentative Schedule)
IPO Open Date Monday, September 9, 2024
IPO Close Date Wednesday, September 11, 2024
Basis of Allotment Thursday, September 12, 2024
Initiation of Refunds Friday, September 13, 2024
Credit of Shares to Demat Friday, September 13, 2024
Listing Date Monday, September 16, 2024
Cut-off time for UPI mandate confirmation 5 PM on September 11, 2024
Bajaj Housing Finance IPO Lot Size
Application Lots Shares Amount
Retail (Min) 1 214 Rs 14,980
Retail (Max) 13 2782 Rs 194,740
S-HNI (Min) 14 2,996 Rs 209,720
S-HNI (Max) 66 14,124 Rs 988,680
B-HNI (Min) 67 14,338 Rs 1,003,660
Bajaj Housing Finance IPO Reservation
Investor Category Shares Offered
QIB Shares Offered Not more than 50.00 per cent of the Net offer
Retail Shares Offered Not less than 35.00 per cent of the Offer
NII (HNI) Shares Offered Not less than 15.00 per cent of the Offer
Bajaj Housing Finance IPO Promoter Holding
Bajaj Finance and Bajaj Finserv are the sponsors of the company.
Share Holding Pre-Issue 100.00 per cent
Share Holding Post Issue
Why Investors Should Consider Bajaj Housing Finance IPO
The Bajaj Housing Finance IPO is worth considering due to the company's strong market position and robust growth potential.
Key Points:
● Market Leadership: A prominent player in India's housing finance sector.
● Impressive AUM: Rs 97,000 crore with a 33 per cent CAGR over three years; market projected to grow at 13 per cent CAGR from FY23 to FY26.
● Financial Performance: IPO size of Rs 6,560 crore with Rs 3,000 crore from Bajaj Finance. Expected AUM growth of 25-30 per cent, RoE over 15 per cent, and NPAs below 1 per cent.
● Positive Sentiment: Shares show a strong grey market premium.
● Technological Edge: Focus on digital channels to enhance customer experience.
"One Click IPO" Feature: A Game-Changer for Investors
HDFC Sky, a leading investment platform, has introduced a revolutionary feature called "One Click IPO" that simplifies the IPO application process. With this feature, investors can apply for IPOs in just a single click, removing the traditional complexities involved in the application process.
How to apply for an IPO using HDFC Sky One-Click feature?
Just follow these steps:
1. Log in to SKY.
2. Go to profile > Indian Stocks > IPO.
3. Select IPO, then "Apply Now".
4. Add bid and customise.
5. Proceed to pay with UPI.
6. Approve the mandate in your UPI/banking app.
7. Confirm and place order.
The following are some key benefits:
● Pre-filled Application Details: The investors need not provide the details because, through this feature, the details will come automatically. As a result, the entire process will not only be quicker but also error-free.
● Real-time Application Tracking: The web-based tracking of the status of every application by the applicant is possible in real-time, therefore giving you peace of mind.
● Faster Approvals: With smooth processes, quicker approvals ensure that investors are ahead of their competitors.
This feature is a game-changing aspect for new and experienced investors alike because all those headaches that usually come with IPO applications, such as errors and delays, are avoided. This will ensure a hassle-free experience in the share market.
Conclusion
The Bajaj Housing Finance IPO presents a valuable opportunity for investors looking to capitalise on the company’s strong financials and growth potential in the housing finance sector. Coupled with HDFC Sky’s "One Click IPO" feature, investors can easily participate in this IPO without the hassle of traditional application methods. This innovative approach simplifies the process, making it easier for both new and experienced investors to engage with the share market efficiently.
