About Bajaj Housing Finance Ltd.

Bajaj Housing Finance Ltd (BHFL) is fully owned by Bajaj Finance Ltd., India’s most diversified non-banking financial company (NBFC), founded in 2008 and based in Pune, Maharashtra. Bajaj Finance Limited and Bajaj Finserv Limited are the company promoters. It is a part of Bajaj Group. Bajaj Housing Finance Ltd has been registered with the National Housing Bank since 2015. As of March 31, 2024, Bajaj Housing Finance’s assets were worth ₹91, 370 Cr, looking forward to, the company plans to grow its business by improving its processes and providing a steady, high-quality experience to its customers. 

 

Bajaj Housing IPO Details

Face Value: ₹10 per share

 

Price Band: ₹66 to ₹70  per share 

 

Lot Size: 214 shares 

 

Fresh Issue: 508,571,429 shares

 

Listing Date: September 16, 2024

 

The company finances individuals and businesses for buying or renovating homes and commercial properties. It also offers loans against property for personal and business use. Further, it also provides working capital to help businesses grow. It also provides funding to real estate entities that are planning to build homes and commercial properties. Additionally, it offers a lease rental discount to both developers and wealthy individuals. 

 

The company offers Home loans, home loan balance transfers, loans against property, lease rental discounting, and developer finances. 

BHFL’s revenue increased by 34% and profit after tax rose by 38% in FY24. 

 

Bajaj Group core companies

The Bajaj Group comprises several key companies under its umbrella, including:

 

Bajaj Finserv Limited

 

Founded in 2007, Bajaj Finserv serves over 100 million customers with a wide range of financial services designed to meet their needs and strengthen their financial stability. Their offerings include savings accounts, mortgages, auto loans, personal and business loans, brokerage services, insurance, and investment options.

 

Even though it is not registered as a Core Investment Companies still it has become one of the leading promoters of financial services in India.

 

Bajaj Finserv Ltd has achieved a market capitalization of ₹2,96,804 Cr, with a price-to-earnings (P/E) ratio of 36. Over the past three years, the stock has delivered returns of 7.32% to investors and has generated a remarkable 147.17% return over the last five years. 

 

Bajaj Finance Limited

 

Incorporated in 1987 as a Non-financial company primarily focused on providing finances to two and three-wheeler vehicles all over India. 

 

Bajaj Finance Ltd (BFL), which is a part of Bajaj Finserv Ltd is a Non-Banking Financial Company (NBFC) that accepts deposits. It is registered with the RBI and is categorized as an NBFC Investment and Credit Company. It has a wide range of services that offer loans to individuals, small businesses, and large companies, and it operates in both cities and rural areas across India. 

 

Bajaj Finance Ltd has achieved a market capitalization of ₹4,54,761 Cr, with a price-to-earnings (P/E) ratio of 30, and has generated a remarkable 111.74% return over the last five years. Promoters maintain a significant stake, holding over 50% of the total shareholdings. 

 

Bajaj Auto Limited

 

Bajaj Auto Ltd is a leading company in the Bajaj Group founded in 1956, based in Mumbai. It is India’s top exporter of motorcycles, three-wheelers, and quadricycles. Products offered by the company are Dominar, Pulsar, Avenger, Platina, CT, Discover, RE, Maxima, Qute, and Chetak (electric). 

 

Bajaj Auto Ltd has achieved a market capitalization of ₹3,02,851 Cr, with a price-to-earnings (P/E) ratio of 38. Over the past three years, the stock has delivered returns exceeding 190% to investors and has generated a remarkable 270% return over the last five years. Promoters maintain a significant stake, holding over 50% of the total shareholdings. 

 

Bajaj Electricals Limited

 

Bajaj Electricals Ltd was incorporated in 1938 and is based in Mumbai. It is a well-known Indian company that offers consumer appliances and lighting solutions such as Consumer Lighting, Professional Lighting, etc.

 

The company maintains strong consumer trust in different areas by adapting modern, high-tech, and attractive products and solutions. In March 2022, the company became net-debt-free for the first time, revived its flagship brand ‘BAJAJ’, introduced the ‘House of Brands structure, secured a long-term licensing deal for the ‘Morphy Richards brand, and achieved several other milestones. 

 

Bajaj Electricals Ltd has achieved a market capitalization of ₹11,339 Cr, with a price-to-earnings (P/E) ratio of 90, and has generated a remarkable 165.03% return over the last five years. Promoters maintain a significant stake, holding over 60% of the total shareholdings. 

 

Bajaj Holdings & Investment Limited

 

Bajaj Holdings and Investment Ltd, previously known as Bajaj Auto Ltd, is an Indian company focused on investments and exploring new business opportunities. 

 

BHIL holds a significant share in Bajaj Auto Ltd, Bajaj Finserv Ltd, and Maharashtra Scooters Ltd, which is 33.43%, 39.29%, and 51%. As an investment company, its main goal is to earn income from dividends, interest, and profits from its investments, relying heavily on the stock and debt markets for its earnings. 

 

Bajaj Holdings and Investment Ltd has achieved a market capitalization of ₹1,15,456 Cr, with a price-to-earnings (P/E) ratio of 15. Over the past three years, the stock has delivered returns exceeding 140% to investors and has generated a remarkable 200% return over the last five years. Promoters maintain a significant stake, holding over 50% of the total shareholdings. 

 

Bajaj Hindustan Sugar Limited

 

Bajaj Hindustan Sugar was established in 1931 as ‘Hindustan Sugar Mills Limited’. The first plant was set up in a field full of sugarcane which was in Gola Gokaran Nath, in Lakhimpur Kheri district, Uttar Pradesh. The plant initially could crush 400 tonnes of cane per day but has now grown to 13,000 tonnes per day. 

 

BHSL is a top company in India that makes sugar and ethanol and is based in Mumbai. The company’s goal is to make a lively and successful company where growing and creating long-term value for everyone involved is a top priority. 

 

Bajaj Hindustan Sugar Ltd has achieved a market capitalization of ₹4,980 Cr. Over the past three years, the stock has delivered returns exceeding 170% to investors and has generated a remarkable 400% return over the last five years. Promoters maintain a significant stake, holding over 20% of the total shareholdings. 

 

Bajaj Consumer Care Limited

 

Bajaj Consumer Care was founded in 1953 and is the top company in the Hair Oil market with brands such as Bajaj Almond Drops, Bajaj Brahmi Amla, Bajaj Amla, and Bajaj Jasmine. The company’s main brand is Bajaj Almond Drops Hair Oil, which is the best-known and best-selling product in India. They also own a “No Marks” brand for skin and hygiene care. 

 

Products offered by Bajaj Consumer Care are Almond Drops, Coconut Oil, Bajaj Gulab Jal, Bajaj Pure Henna, Amla Aloe Vera, and many more products. 

 

Bajaj Consumer Care Ltd has achieved a market capitalization of ₹3,783 Cr, with a price-to-earnings (P/E) ratio of 26. Over the past three years, the stock has delivered returns of 3.20% to investors and has generated a 5.09% return over the last five years. Promoters maintain a significant stake, holding over 30% of the total shareholdings. 

 

Bajaj Healthcare Limited

 

Bajaj Healthcare Ltd was incorporated in 1993. The company has transformed into a specialized company that focuses on creating, making, and supplying Amino Acids, Nutritional Supplements,  Intermediates, API (Active Pharmaceutical Ingredients), Formulation, and Impurities to the Pharmaceuticals, Nutraceutical, and Food industries globally, with a focus on being thorough and careful. 

 

The company has four units for APIs and Intermediates and one for finished products, serving both advanced and new markets. In a short period, it has earned the trust of customers worldwide. 

 

Bajaj Healthcare Ltd has achieved a market capitalization of ₹1,030, with a price-to-earnings (P/E) ratio of 33. Over the past three years, the stock has delivered returns of 6.34% to investors and has generated a 6.34% return over the last five years. Promoters maintain a significant stake, holding over 60% of the total shareholdings. 

 

Conclusion

 

Bajaj Housing Finance Ltd.’s IPO presents an exciting investment opportunity, backed by its strong position in the housing and finance sector. As part of the Bajaj Group, which includes major companies like Bajaj Auto and Bajaj Finserv, BHFL has demonstrated impressive growth and a solid reputation. With significant interest from investors and a powerful market debut expected, the IPO is set to be a notable event in the financial sector.

 

Check out the IPOs Performance in 2024 So Far and know the process of IPO in India. Your willingness to invest must consider How to Apply for an IPO. Also, watch why should you invest in an IPO. 

 

Disclaimer: This blog is posted solely for educational purposes. The securities mentioned are examples and not recommendations. It is based on various secondary sources from the internet and is subject to change. Please consult an expert before making any related decisions.