The initial public offering (IPO) of equity shares of bajaj housing finance will open on Monday, 09 September for the public subscription of its Rs 6,500 crore issue.
The Rs 6,560 crore IPO consisted of a fresh issue worth Rs 3,560 crore and an offer for sale (OFS) worth Rs 3,000 crore.
The anchor investor bidding will commence on Friday, 06 September and close on Wednesday, 11 September.
The price band of the offer is fixed at Rs 66 to 70 per equity share. Bids can be made for a minimum of 214 equity shares and in multiples of 214 equity shares thereafter.
For subscription by employee, the reservation portion includes equity shares aggregating up to Rs 200 crore and for shareholders of Bajaj Finance and Bajaj Finserv, reservation portion includes Equity Shares aggregating up to Rs 500 crore.
The company intends to utilise the net proceeds of the offer towards augmenting its capital base to meet future business requirements of the company towards onward lending.
The OFS of equity shares comprises such a number of equity shares aggregating up to Rs 3,000 crore by Bajaj Finance.
The equity shares to be offered through the red herring prospectus are proposed to be listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
Kotak Mahindra Capital Company, BofA Securities India, Axis Capital, Goldman Sachs (India) Securities, SBI Capital Markets, JM Financial and IIFL Securities are the book running lead managers to the offer.