Bajaj Housing Finance Plans To Mop Up $479 Mln Via IPO

Bajaj Housing Finance Ltd., a subsidiary of Bajaj Finance Ltd., plans to raise as much as 4,000 crore rupees ($479 million) via initial public offering of equity shares.

Bajaj Housing Finance’s board on 6 June approved the company’s IPO, comprising fresh issue of shares aggregating up to 4,000 crore rupees and an offer for sale of shares, according to a stock exchange announcement.

The company said the IPO size will be subject to revisions, market conditions, as well as receipt of regulatory clearances.

The mortgage lender’s IPO plan comes in the wake of Reserve Bank of India’s (RBI) norm that mandates the “upper layer” non-banking financial companies to list on the stock exchanges by 30 September 2025.

Meanwhile, Bajaj Finance said its board today approved raising up to 3,000 crore rupees via the offer for sale route under Bajaj Housing Finance’s planned IPO.

Note: $1 = 83.4683 Indian rupees

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