The Bajaj Housing Finance Limited IPO (BHF IPO) is a book-built issue of Rs 1000 crores. It is a completely fresh issue of 1000 lakh shares
The Bajaj Housing Finance Limited IPO (BHF IPO) is a book-built issue of Rs 1000 crores. It is a completely fresh issue of 1000 lakh shares, priced at ₹100 to ₹110 per share. The IPO opened for subscription on August 26, 2024 and closed on August 29, 2024.
Key details of the IPO:
- Issue size: Rs 1000 crores
- Price band: ₹100 to ₹110 per share
- Minimum order quantity: 1000 shares
- Listing: NSE and BSE
- Tentative listing date: Tuesday, September 3, 2024
Important dates:
- Subscription period: August 26-29, 2024
- Allotment: Friday, August 30, 2024
- Refunds: Monday, September 2, 2024
- Credit shares to Demat accounts: Monday, September 2, 2024
Highlights of the IPO:
- Established company: Bajaj Housing Finance Limited is a subsidiary of Bajaj Finserv, a leading financial services company in India.
- Strong financials: The company has a strong track record of financial performance, with consistent revenue growth and profitability.
- Experienced management team: The management team has extensive experience in the housing finance industry, providing strong leadership and guidance.
- Growth potential: The company is well-positioned to capitalize on the growing demand for housing finance in India.
Risk factors:
- Interest rate risk: The company's profitability is sensitive to interest rate fluctuations, which could impact its earnings.
- Credit risk: The company faces the risk of default by borrowers, which could impact its asset quality and profitability.
- Regulatory risks: The company is subject to various regulatory requirements, which could impact its operations and profitability.
Should you invest in BHF IPO?
The Bajaj Housing Finance IPO presents an opportunity for investors to invest in a well-established company with strong growth potential. However, it is important to carefully consider the risk factors before making an investment decision.
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