Bajaj Housing Finance | Business Upturn

Bajaj Housing Finance Q4 Results: Net profit rises 14.1% YoY to Rs 669.2 crore, revenue up 15.9%

Aman Shukla — Mon, 27 Apr 2026 10:48:59 +0000

Bajaj Housing Finance reported a steady performance in the fourth quarter, with both profit and revenue witnessing healthy year-on-year (YoY) growth, reflecting continued demand in the housing finance segment.

For the quarter ended March 2026 (Q4FY26), the company posted a net profit of ₹669.2 crore, marking a 14.1% increase compared to ₹587 crore in the same period last year. The rise in profitability was supported by stable asset quality and consistent loan book expansion.

On the topline front, revenue from operations came in at ₹2,902.6 crore, registering a 15.9% growth YoY against ₹2,504.1 crore reported in Q4FY25. The strong revenue growth indicates sustained momentum in lending activity, particularly in home loans and related segments.

Top stocks to watch today, Feb 3: Bajaj Housing Finance, City Union Bank, PB Fintech, Infosys, Tata Power and more

Aman Shukla — Tue, 03 Feb 2026 02:57:51 +0000

Indian equity markets are expected to track stock-specific developments on February 3, with several companies reporting year-on-year (YoY) changes in earnings, business updates, and corporate actions.

Stocks to watch today

Aditya Birla Lifestyle Brands: Net profit ₹69.01 cr vs ₹60.31 cr YoY; revenue ₹2,343.17 cr vs ₹2,138.40 cr.
City Union Bank: Net profit ₹332 cr vs ₹286 cr; NII ₹752 cr vs ₹587.7 cr.
Bajaj Housing Finance: Net profit ₹664.8 cr vs ₹548.02 cr; NII ₹964 cr vs ₹806 cr.
PB Fintech: Net profit ₹189.38 cr vs ₹71.50 cr; revenue ₹1,771.15 cr vs ₹1,291.62 cr.
Manali Petrochemicals: Net profit ₹68.43 cr vs ₹5.27 cr; revenue ₹247.02 cr vs ₹196.12 cr.
Modison Limited: Net profit ₹20.06 cr vs ₹5.81 cr; revenue ₹143.71 cr vs ₹121.21 cr.
Awfis Space Solutions: Net profit ₹21.66 cr vs ₹15.18 cr; revenue ₹381.78 cr vs ₹317.72 cr.
PG Electroplast: Net profit ₹63.9 cr vs ₹39.5 cr; revenue ₹1,412 cr vs ₹968 cr.
Chalet Hotels: Net profit ₹124.1 cr vs ₹96.5 cr; revenue ₹581 cr vs ₹458 cr.
Aarti Industries: Net profit ₹133 cr vs ₹46 cr; revenue ₹2,319 cr vs ₹1,843 cr.
eMudhra: Net profit ₹28 cr vs ₹21 cr; revenue ₹190 cr vs ₹140 cr.
Dhampur Sugar Mills: Net profit ₹26.5 cr vs ₹15.0 cr; revenue ₹670 cr vs ₹590 cr.
Patel Retail: Net profit ₹12.0 cr vs ₹6.1 cr; revenue ₹300 cr vs ₹230 cr.
Transrail Lighting: Net profit ₹110.0 cr vs ₹97.6 cr; revenue ₹1,777 cr vs ₹1,340 cr.
Thermax: Net profit ₹204 cr vs ₹116 cr; revenue ₹2,635 cr vs ₹2,520 cr.
Ventive Hospitality: Net profit ₹117 cr vs ₹22 cr; revenue ₹685 cr vs ₹534 cr.
Infosys: Renewed and expanded multi-year digital innovation partnership with Madison Square Garden group.
IMFA: Acquired Tata Steel plant; capacity expansion by 88%.
Sunteck Realty: Acquired 1.75-acre land parcel in Andheri, Mumbai; ~6 lakh sq ft development potential.
ACME Solar: Commissioned 16 MW wind capacity out of 100 MW project.
Tata Power: Commissioned 198 MW wind project in Tamil Nadu.
Power Grid Corporation: Arm commissioned 4.5 GW transmission scheme.
NTPC Green Energy: Signed MoU with Assago Industries for green ammonia and related utilities.
BLS International: Acquired 95% stake in MVA International.
Interarch Building Products: Approved Phase-2 commencement at Andhra plant; 24,000 MT capacity addition.
Clean Science and Technology: Amansa Holding bought 11.8 lakh shares at ₹791.84 per share.
India Home Finance: Lloyds Enterprises bought 75 lakh shares at ₹13.3 per share.
Thomas Cook India: Signed MoU with Government of Tamil Nadu to promote tourism.
Olectra Greentech: Net profit ₹46.40 cr vs ₹46.33 cr; revenue ₹663.60 cr vs ₹515.37 cr.
RailTel Corporation: Net profit ₹62.40 cr vs ₹65.05 cr; revenue ₹913.45 cr vs ₹767.62 cr.
Kajaria Ceramics: Net profit ₹86 cr vs ₹85 cr; revenue ₹1,168 cr vs ₹1,156 cr.
Ather Energy: Net loss ₹84.6 cr vs ₹197.8 cr; revenue ₹953.60 cr vs ₹634.90 cr.
Maruti Suzuki: January 2026 production at 2.26 lakh units vs 2.06 lakh units YoY.
Unichem Laboratories: USFDA inspection at Kolhapur facility closed with five observations.
Tata Chemicals: Net loss ₹93 cr vs ₹53 cr; revenue ₹3,550 cr vs ₹3,590 cr.
Indus Towers: Net profit ₹1,780 cr vs ₹4,000 cr; revenue ₹8,150 cr vs ₹7,547 cr.
Utkarsh Small Finance Bank: Net loss ₹375 cr vs ₹168 cr; NII ₹348 cr vs ₹480 cr.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Top Q3 results today, Feb 2: Hyundai Motor India, Indus Towers, PB Fintech, Bajaj Housing Finance and more to announce earnings

Aman Shukla — Mon, 02 Feb 2026 03:00:29 +0000

Following the presentation of the Union Budget 2026-27 by Finance Minister Nirmala Sitharaman, investor focus is shifting back to corporate earnings. Several listed companies are scheduled to announce their financial results for the third quarter of FY26, covering the period ended December 2025, on Monday, February 2, 2026.

The upcoming results span a wide range of sectors including automobiles, banking, financial services, chemicals, infrastructure, hospitality, healthcare, manufacturing, technology, and consumer goods. These announcements are expected to provide insights into sector-specific trends and company-level performance during the December quarter.

Companies set to declare Q3 FY26 results on February 2 include Hyundai Motor India, Indus Towers, PB Fintech, Bajaj Housing Finance, Sundaram Finance, UPL, Thermax, Honeywell Automation, Ather Energy, City Union Bank, Tata Chemicals, Chalet Hotels, Ventive Hospitality, PG Electroplast, Paradeep Phosphates, Aarti Industries, Aditya Birla Lifestyle Brands, Akzo Nobel India, Shriram Pistons & Rings, Railtel Corporation of India, Corona Remedies, Olectra Greentech, Mahindra Lifespace Developers, Campus Activewear, Transrail Lighting, eMudhra, Artemis Medicare Services, WPIL, Interarch Building Solutions, MPS, Awfis Space Solutions, Indiabulls, Veedol Corporation, Utkarsh Small Finance Bank, Saksoft, Silver Touch Technologies, SMC Global Securities, Vidhi Specialty Food Ingredients, Manaksia Coated Metals & Industries, Bharat Wire Ropes, GPT Healthcare, Manali Petrochemicals, Sejal Glass, Bhageria Industries, Shree Rama Multi Tech, Dhampur Sugar Mills, Fabtech Technologies, Axtel Industries, Patel Retail, Iris Clothings, Urja Global, Modison, Sinclairs Hotels, Geekay Wires, Indian Toners and Developers, Regency Fincorp, Syschem India, Music Broadcast, National Plastic Technologies, Bartronics India, Alstone Textiles, Hindcon Chemicals, KIC Metaliks, Jet Freight Logistics, Bodhtree Consulting, Rajkamal Synthetics, Lead Financial Services, Amraworld Agrico, Clio Infotech, Golkonda Aluminium Extrusions, Amerise Biosciences, and Galada Power and Telecommunications.

Top stocks in focus on July 4: ONGC, Bajaj Housing Finance, NBCC, IEX, PC Jeweller, and more

Aman Shukla — Fri, 04 Jul 2025 02:43:17 +0000

Indian benchmark indices ended in the red for the second day in a row on Thursday, July 3. The NSE Nifty 50 fell by 48.1 points to close at 25,405.30, while the BSE Sensex declined 170.22 points, finishing at 83,239.47.

Today, several stocks are likely to be on investor radar due to recent business updates, regulatory developments, and corporate announcements.

Stocks in Focus

Insecticides India: CRISIL has revised the company’s long-term credit rating from ‘A’ to ‘A+’ with a stable outlook.
ONGC: The company signed a Heads of Agreement with Mitsui O.S.K. Lines to jointly build and operate two Very Large Ethane Carriers.
Indian Energy Exchange: Reported a 15% year-on-year growth in power trade volumes for Q1FY26, supported by falling prices.
ICICI Lombard: Bombay High Court has set aside an earlier order that had confirmed a GST demand of ₹17.3 billion and a penalty of ₹1.7 billion.
NBCC: Received a work order worth ₹65.73 crore as part of routine business operations.
NACL Industries: The Competition Commission of India has approved Coromandel International’s acquisition of a majority stake in the company.
Defence Sector Stocks: The Ministry of Defence has cleared 10 capital acquisition proposals worth ₹1.05 lakh crore to boost operational readiness.
Thangamayil Jewellery: Reported a 28% increase in revenue for FY25.
Nucleus Software: Reported annual revenue of ₹832.25 crore with an EBITDA margin of 20.14%.
PC Jeweller: Posted 80% year-on-year growth in standalone revenue for Q1FY26, driven by seasonal demand.
Bajaj Housing Finance: Reported Q1FY26 disbursements of ₹146.40 billion; Assets under management (AUM) stood at ₹1.20 trillion.
Suryoday Small Finance Bank: Total deposits for Q1 rose 39% year-on-year to ₹113.12 billion; Gross advances grew 20% to ₹108.46 billion.
Marico: Reported stable demand during the quarter, supported by recovery in rural markets and steady urban consumption.
Infibeam Avenues: Its AI division Phronetic.AI is collaborating with Nawgati to create solutions for fuel and fleet management.
LIC: Launched three new insurance products – two versions of Nav Jeevan Shree and a Critical Illness Health Rider.
L&T Finance: Retail disbursements rose 18% year-on-year to ₹17,510 crore; Retail loan mix increased to 98%.
Godavari Biorefineries: Received a European patent for a newly developed anticancer molecule.
Aegis Logistics: Commissioned an LPG cryogenic terminal at Pipavav with a 48,000 MT storage capacity.
AU Small Finance Bank: Deposits rose 31% year-on-year in Q1 to ₹1.28 lakh crore.
Bajaj Finance: Q1 AUM increased by 25% to ₹4.4 lakh crore; added 4.7 million new customers in the quarter.
Bharat Forge: Subsidiary KSSL has incorporated a new entity named Agneyastra Energetics.
IndiGo: Appointed Amitabh Kant as an additional director on the board.
Jindal Steel and Power: Received a Letter of Intent for the Roida-I iron ore and manganese block in Odisha.
S H Kelkar: Reported Q1 consolidated revenue of ₹574 crore, a 14% rise from the fire-impacted previous year.
Robust Hotels: CRISIL reaffirmed its long-term rating at BBB with a stable outlook.
UCO Bank: Reported total business at ₹5.24 lakh crore for Q1 FY25, up 13.67% year-on-year.
Reliance Industries: Subsidiary Reliance Retail Ventures announced a strategic minority investment in UK-based FACEGYM.
Bosch: Received a customs order related to an import classification dispute involving ₹66.72 crore and a penalty of ₹29.58 crore.
Punjab & Sind Bank: Total business stood at ₹2.31 lakh crore, an increase of 10.9% from the previous year.
Star Cement: Chief Mineral Resources Officer Kanak Kumar Chhangani resigned.
P N Gadgil Jewellers: Board approved a fundraising plan via equity shares or other securities.
Bank of Baroda: Global business stood at ₹27.43 lakh crore as of June 2025, a year-on-year increase of 10.7%.
Dish TV India: Appointed Gaurav Goel as Chief Strategy Officer, effective July 4.
Salasar Exteriors: Company Secretary & Compliance Officer Priyanka Rathore resigned on July 3.
Emcure: BC Investments plans to sell 45.5 lakh shares via a block deal.
RBL Bank: Deposits increased 11% year-on-year to ₹1.12 lakh crore.
Bandhan Bank: Total deposits grew 16.1% year-on-year to ₹1.55 lakh crore.
Vedanta: Reported record alumina and ferrochrome production in Q1; oil and gas output saw a decline.
Mahindra Holidays: Its Finnish unit acquired 100% stake in Salla Star Property for ₹2.35 crore.
Torrent Pharma: To acquire an additional 2.41% stake in JB Chemicals for ₹620 crore.
Alembic Pharma: Received a tax demand of ₹33 crore from Sikkim tax authorities.
AWL Agri: Reported a 2% decline in edible oil volumes in Q1FY26.

Bajaj Housing Finance shares surge 3% as Q4 net profit jumps 54% YoY to Rs 587 crore

Aman Shukla — Thu, 24 Apr 2025 03:50:05 +0000

Bajaj Housing Finance shares jumped 3% in morning trade on Thursday following the release of robust Q4 FY25 financial results. The company reported a 54% year-on-year rise in consolidated profit after tax to ₹587 crore, up from ₹381 crore in Q4 FY24.

The lender’s assets under management (AUM) saw a strong 26% growth, reaching ₹1,14,684 crore. Net interest income increased 31% to ₹823 crore, while total income rose 34% YoY to ₹958 crore. Despite higher business volumes, the operating expenses to net total income ratio improved to 21.7%, signaling better operational efficiency.

Loan losses and provisions decreased to ₹30 crore from ₹35 crore in the year-ago quarter. Profit before tax surged 48% to ₹720 crore. Asset quality remained strong, with gross and net NPAs stable at 0.29% and 0.11%, respectively.

For the full fiscal year (FY25), Bajaj Housing Finance reported a 25% increase in profit after tax to ₹2,163 crore and a 28% rise in profit before tax to ₹2,770 crore. Net interest income grew 20% to ₹3,007 crore, while total income stood at ₹3,597 crore, up 23% YoY.

The company’s capital adequacy ratio was healthy at 28.24% as of March 31, 2025. It maintained a strong credit rating of AAA/Stable from CRISIL and India Ratings for long-term debt and A1+ for short-term borrowings.

Bajaj Housing Finance shares opened at ₹135.00, reaching a high of ₹136.96 and a low of ₹134.63 in today’s trading. The stock remains volatile within its 52-week range, having peaked at ₹188.50 and dipped to ₹103.10.

Bajaj Housing Finance Q4 FY25 results: Net profit jumps 54% YoY to Rs 587 crore, AUM rises 26%

Aditya Bhagchandani — Wed, 23 Apr 2025 11:29:23 +0000

Bajaj Housing Finance Limited posted strong financial results for the quarter ended March 31, 2025, with consolidated profit after tax rising by 54% year-on-year to Rs 587 crore, compared to Rs 381 crore in Q4 FY24. The company’s assets under management also witnessed a 26% growth, reaching Rs 1,14,684 crore.

Key highlights for Q4 FY25

The company’s net interest income increased 31% to Rs 823 crore from Rs 629 crore last year. Total income for the quarter rose 34% YoY to Rs 958 crore. Despite higher growth, operating expenses to net total income ratio dropped to 21.7%, showing improved cost efficiency.

Loan losses and provisions stood at Rs 30 crore, down from Rs 35 crore in Q4 FY24. Profit before tax surged 48% to Rs 720 crore. Gross and net NPAs were stable at 0.29% and 0.11%, respectively, indicating strong asset quality.

Full-year performance (FY25)

For the full fiscal year, profit after tax rose 25% to Rs 2,163 crore, while profit before tax rose 28% to Rs 2,770 crore. Net interest income grew 20% to Rs 3,007 crore, and total income increased 23% to Rs 3,597 crore.

The company’s capital adequacy ratio stood at 28.24% as of March 31, 2025. Bajaj Housing Finance maintained its strong credit profile with AAA/Stable rating from CRISIL and India Ratings for long-term debt and A1+ for short-term borrowings.

FAQs

What was Bajaj Housing Finance’s net profit for Q4 FY25?
Rs 587 crore, up 54% from Rs 381 crore in Q4 FY24.

How much did the assets under management grow?
AUM increased by 26% YoY to Rs 1,14,684 crore.

What are the gross and net NPA levels?
Gross NPA stood at 0.29% and net NPA at 0.11% as of March 31, 2025.

Has the company maintained its credit ratings?
Yes, it holds AAA/Stable long-term ratings and A1+ short-term ratings.

Bajaj Housing Finance sees ₹2,132.64 crore market cap loss as shares drop by nearly 2%

Aditya Bhagchandani — Thu, 24 Oct 2024 04:57:43 +0000

Shares of Bajaj Housing Finance Limited fell by 1.93%, losing ₹2.64 to trade at ₹134.19 on the NSE as of 10:21 AM on October 24, 2024. This decline in stock price has contributed to a notable reduction in the company’s market capitalization.

Market Cap Details:

Previous Market Cap: ₹1,13,888.04 crore (approx.)
Current Market Cap: ₹1,11,755.40 crore
Market Cap Loss: ₹2,132.64 crore

Stock Price Details:

Open: ₹136.00
High: ₹136.25
Low: ₹133.55
Previous Close: ₹136.83

Analysis:

Bajaj Housing Finance shares experienced a decline as part of broader market trends affecting the housing finance sector. The company, listed just a few months ago in September 2024, is facing increasing volatility in its stock performance, with investors cautious about near-term growth prospects in the housing finance market.

As market sentiment continues to fluctuate, Bajaj Housing Finance will need to address investor concerns through robust financial performance in the upcoming quarters.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Bajaj Housing Finance shares surge 4% on strong Q2 FY25 results

Aditya Bhagchandani — Tue, 22 Oct 2024 04:23:00 +0000

Bajaj Housing Finance Limited (BHFL) reported solid financial performance for Q2 FY25, demonstrating stable asset quality and robust loan growth. The company’s gross non-performing assets (GNPA) stood at 0.29%, and net non-performing assets (Net NPA) at 0.12%, reflecting steady asset management compared to the previous quarter.

Key Financial Highlights:

Assets Under Management (AUM): BHFL’s AUM surged by 26% year-on-year (YoY) to ₹1,02,569 crore as of September 30, 2024, compared to ₹81,215 crore in the same period last year.
Net Interest Income (NII): NII grew by 13% YoY to ₹713 crore, up from ₹632 crore in Q2 FY24, driven by higher loan growth.
Total Income: Total income rose by 25% to ₹2,227 crore from ₹1,782 crore in Q2 FY24, while interest expenses increased by 32% to ₹1,514 crore due to a larger loan portfolio.
Net Profit: Profit after tax for the quarter rose 21% YoY to ₹546 crore, compared to ₹451 crore last year, reflecting efficient cost management.
Loan Book Growth: The company’s loan book expanded by 27% YoY to ₹89,878 crore, supported by strong demand in housing finance and mortgage sectors.
Capital Adequacy: The capital adequacy ratio stood at 28.98%, well above the regulatory requirement.

As of 9:49 AM, the shares were trading 1.87% higher at ₹139.13 on the NSE, reflecting investor optimism following the company’s positive results for the quarter.

Stocks to watch today: Bajaj Housing Finance reports 21% rise in net profit to ₹545.6 crore

Aditya Bhagchandani — Tue, 22 Oct 2024 02:31:16 +0000

Bajaj Housing Finance has reported strong financial results for the quarter, with a 21% increase in net profit to ₹545.6 crore, up from ₹451.1 crore in the same period last year.

The company’s revenue saw a 21.1% growth, reaching ₹2,410.2 crore. However, disbursals were down 11.5% year-on-year (YoY) at ₹12,014 crore and remained flat sequentially.

Bajaj Housing Finance Q2 FY25 Results: Asset quality remains stable, Net NPA and Gross NPA increase marginally

Net Interest Income increased by 13% YoY to ₹713.3 crore. Despite a slight increase in Gross NPA from 0.28% in June to 0.29%, net NPA was stable at 0.12%. Provisions were significantly lower, dropping by 73% YoY and 50% sequentially to ₹4.98 crore.

Bajaj Housing Finance Q2 FY25 Results: Asset quality remains stable, Net NPA and Gross NPA increase marginally

Markets Desk — Mon, 21 Oct 2024 11:59:00 +0000

Bajaj Housing Finance Limited (BHFL) reported steady asset quality in its unaudited financial results for Q2 FY25, with gross non-performing assets (GNPA) at 0.29% and net non-performing assets (Net NPA) at 0.12%, compared to 0.28% and 0.11% in the previous quarter. The provisioning coverage ratio on Stage 3 assets stood robust at 58%, demonstrating the company’s focus on maintaining a healthy loan book.

Financial Performance Highlights:

Assets Under Management (AUM): BHFL’s AUM increased by 26% year-on-year (YoY) to ₹1,02,569 crore as of September 30, 2024, from ₹81,215 crore in the same period last year, reflecting the company’s growth in loan disbursements.
Net Interest Income (NII): NII grew by 13% YoY, reaching ₹713 crore, compared to ₹632 crore in Q2 FY24. The rise in NII was driven by higher loan growth and a strong interest spread.
Total Income: The company’s total income for Q2 FY25 was ₹2,227 crore, a 25% increase from ₹1,782 crore in Q2 FY24. Interest expenses, however, rose 32% YoY to ₹1,514 crore, driven by a larger loan portfolio.
Net Profit: Profit after tax for the quarter rose by 21% YoY to ₹546 crore, compared to ₹451 crore in the same quarter last year, attributed to efficient cost management and higher operating profit.
Operating Expenses: BHFL’s operating expenses as a percentage of net total income stood at 20.5%, up from 22.1% in Q2 FY24, showing improved efficiency in cost management.

Loan Growth and Asset Mix:

BHFL’s loan book expanded by 27% YoY to ₹89,878 crore, demonstrating strong demand in the housing finance and mortgage sectors. The company also reported a 45% rise in fees and commission income to ₹45 crore, further supporting revenue growth.

Capital Adequacy and Return Ratios:

Capital Adequacy: The capital adequacy ratio, including Tier I capital, stood at 28.98% as of September 30, 2024, well above the regulatory requirement.
Return on Assets (ROA): The annualized ROA for Q2 FY25 was 2.5%, marginally lower than the 2.6% reported in Q2 FY24.
Return on Equity (ROE): The annualized ROE stood at 13.0%, compared to 16.1% in the corresponding quarter last year, due to higher equity base and increased loan provisions.

Ambit initiates ‘Sell’ rating on Bajaj Housing Finance, expects 39% downside in stock price

Aditya Bhagchandani — Wed, 16 Oct 2024 06:12:57 +0000

Ambit has initiated a ‘Sell’ rating on Bajaj Housing Finance with a target price of ₹86, representing a 39% potential downside. The valuation concerns arise from an implied ask rate of approximately 2x the industry growth, which Ambit believes is ambitious given the competitive dynamics within the prime home loan industry.

Key Highlights:

Valuation Concerns: The current valuation stands at 5.2x FY26E book value (BV), which is at a 104% premium to its peers. This high valuation raises questions about the sustainability of such growth in a mature industry dominated by banks.
Industry Dynamics: Prime home loans represent a mature market, and the high competition from established banks is expected to put pressure on loan growth and return on equity (RoE).
Risk in Non-Housing Loans: While non-housing loans may contribute to growth and RoE, they come with higher risks, particularly during real estate downturns. Ambit cautions that this segment could face headwinds in the future.
Growth Projections: The valuation builds on a 24%/23% compound annual growth rate (CAGR) for assets under management (AUM) and earnings per share (EPS), along with an average RoE of 16% over FY24-34. These projections suggest that Bajaj Housing Finance will replicate the success of its parent company, Bajaj Finance, which is a high benchmark to meet.

Industry Challenges

Bajaj Housing Finance operates in an environment where prime home loans offer moderate growth. The company faces stiff competition from banks, which are well-established in the housing loan segment. The competitive dynamics in this space may weigh on loan growth and RoE, making it difficult for the company to meet high growth expectations.

Bajaj Housing Finance stock in focus as lock-in period ends

Aditya Bhagchandani — Mon, 14 Oct 2024 02:37:28 +0000

October 14 marks the end of Bajaj Housing Finance’s one-month lock-in period, making around 12.6 crore shares, or 2% of the company’s outstanding equity, eligible for trading.

Investors will be closely watching to see if this leads to any notable movement in the stock as market dynamics adjust to this new availability.

BAJAJ HOUSING FINANCE LTD Share Price history

Day	Open	Close	Day’s change
Fri, Oct 11 2024	₹150.84	₹150.88	+0.03%
Thu, Oct 10 2024	₹156.50	₹150.84	-2.85%
Wed, Oct 9 2024	₹152.55	₹155.27	+3.77%
Tue, Oct 8 2024	₹135.40	₹149.63	+10.00%
Mon, Oct 7 2024	₹150.60	₹136.03	-9.67%
Fri, Oct 4 2024	₹152.50	₹150.60	0.00%
Thu, Oct 3 2024	₹149.00	₹150.60	-1.52%
Tue, Oct 1 2024	₹155.00	₹152.92	-0.74%

Nifty Large Cap Top Gainers and Losers in Early Trade: Bajaj Housing Finance, IRFC, LTI Mindtree, ITC and more

Aditya Bhagchandani — Mon, 07 Oct 2024 04:34:34 +0000

In early trading on October 7, several Nifty large-cap stocks showed significant movement, with some rising as top gainers while others experienced declines as top losers.

Top Losers

Bajaj Housing Finance
- Price: ₹144.31
- Change: Down by ₹6.29 (-4.17%)
- Volume: 9.35 million shares
Avenue Supermarts (DMart)
- Price: ₹4,567.00
- Change: Down by ₹170.55 (-3.60%)
- Volume: 279.23k shares
Varun Beverages
- Price: ₹557.00
- Change: Down by ₹21.90 (-3.78%)
- Volume: 2.75 million shares
Titan Company
- Price: ₹3,576.65
- Change: Down by ₹93.45 (-2.54%)
- Volume: 846.19k shares
IRFC
- Price: ₹148.35
- Change: Down by ₹3.72 (-2.44%)
- Volume: 5.66 million shares
Tata Power
- Price: ₹455.00
- Change: Down by ₹11.65 (-2.49%)
- Volume: 2.00 million shares
Indian Overseas Bank (IOB)
- Price: ₹54.29
- Change: Down by ₹1.35 (-2.42%)
- Volume: 1.72 million shares

Top Gainers

LTI Mindtree
- Price: ₹6,272.90
- Change: Up by ₹158.80 (+2.59%)
- Volume: 109.59k shares
Macrotech Developers
- Price: ₹1,200.10
- Change: Up by ₹26.85 (+2.28%)
- Volume: 813.65k shares
ITC
- Price: ₹514.60
- Change: Up by ₹11.05 (+2.19%)
- Volume: 2.83 million shares
Infosys
- Price: ₹1,939.80
- Change: Up by ₹21.65 (+1.12%)
- Volume: 834.28k shares
ICICI Bank
- Price: ₹1,253.65
- Change: Up by ₹13.90 (+1.12%)
- Volume: 1.17 million shares
Divis Laboratories
- Price: ₹5,485.00
- Change: Up by ₹59.45 (+1.09%)
- Volume: 100.03k shares
Wipro
- Price: ₹538.85
- Change: Up by ₹5.30 (+0.99%)
- Volume: 847.42k shares

Summary

In early trade, Bajaj Housing Finance was the top loser with a drop of 4.17%, while LTI Mindtree emerged as the top gainer with a rise of 2.59%. The overall market witnessed mixed reactions, with sectors showing diverse performances as investors assessed economic indicators and corporate developments.

Bajaj Housing Finance loses ₹4,973 crores in market cap as stock declines by 4.14%

News Desk — Mon, 07 Oct 2024 04:33:36 +0000

Bajaj Housing Finance saw a significant drop in its stock price today, resulting in a loss of ₹4,973 crores in market capitalization as of 9:59 AM on October 7, 2024. The stock, which opened at ₹150.60, fell by 4.14%, trading at ₹144.37. This decline has raised concerns among investors, as the company’s total market cap now stands at ₹1,20,133.52 crores.

Despite its strong market presence, the decline has triggered cautious sentiment as traders await further developments. The stock’s performance today follows a period of steady growth, and it will be critical to observe how the market reacts in the upcoming trading sessions.

Disclaimer: Stock market investments are subject to market risks. The information provided here is for informational purposes only and should not be considered as financial advice.

Bajaj Housing Finance declines over 4% following HSBC’s “Reduce” rating

Aditya Bhagchandani — Mon, 07 Oct 2024 04:24:42 +0000

Shares of Bajaj Housing Finance Ltd faced a steep decline, dropping 4.12% to ₹144.40 in early trading on October 7, making it the top loser of the hour. The drop came shortly after brokerage firm HSBC initiated coverage on the recently listed housing finance arm of Bajaj Finance Ltd with a “reduce” rating and set a price target of ₹110, indicating a potential downside of 27% from Thursday’s closing.

HSBC’s Key Concerns and Outlook

Valuations and Growth Expectations: HSBC highlighted that the current valuation of Bajaj Housing Finance, at 5.5 times its FY26 price-to-book ratio and 44 times its FY26 price-to-earnings ratio, indicates steep growth expectations in Assets Under Management (AUM) and earnings.
AUM Growth: In the September quarter, the company’s AUM crossed ₹1 lakh crore, representing a 26% growth from last year. However, HSBC believes the Return on Assets (RoA) for Bajaj Housing Finance is at its peak and anticipates a slowdown in Earnings per Share (EPS) growth due to a potential dip in AUM growth, Net Interest Margins (NIMs) pressure, and normalized credit costs.

Threats to Valuation

Projected Return on Equity (RoE): HSBC projects an RoE of 14.6% for Bajaj Housing Finance, which is lower than the implied valuation of a 17% RoE and 10% long-term growth.
Comparison with Peers: The brokerage sees a competitive disadvantage when compared to larger NBFC peers with higher RoE, a stable growth outlook, and a steep valuation discount.

Potential Upsides and Risks

HSBC pointed out some upside risks that could potentially mitigate the pressure on Bajaj Housing Finance’s valuation:

Lower Credit Costs: A reduction in credit costs could help stabilize the company’s financials.
Operating Leverage: Faster realization of operating leverage could positively impact profitability.
NIM Compression: A minimal impact on NIMs, provided that the cost of funds moderates quickly, may also present an upside.

Current Market Sentiment

The negative sentiment around the stock stems from the brokerage’s view that the valuations imply overly optimistic growth projections and that the company may face challenges in maintaining its current pace of growth in earnings and returns.

Heavy Volume Mover Stocks in Early Trade – Zomato, Jio Financial, Bajaj Housing Finance and more

Aditya Bhagchandani — Mon, 07 Oct 2024 04:18:14 +0000

In the first 30 minutes of market trading on October 7, several large-cap stocks saw significant trading volumes, indicating heightened investor activity. Here’s a breakdown of the stocks that led the market in terms of volume:

Zomato

Price: ₹270.00
Change: Down by ₹5.30 (-1.92%)
Volume: 10.04 million shares Zomato witnessed the highest trading volume in the early session. However, the stock experienced a decline of nearly 2%, reflecting possible profit booking or market reaction to recent news.

Jio Financial

Price: ₹343.50
Change: Up by ₹4.70 (+1.38%)
Volume: 9.15 million shares Jio Financial Services saw an uptick in its share price, rising over 1%, and recorded high trading volumes. The positive movement indicates investor confidence in the financial arm of Reliance Industries.

Bajaj Housing Finance

Price: ₹144.20
Change: Down by ₹6.40 (-4.24%)
Volume: 8.82 million shares The shares of Bajaj Housing Finance faced a sharp dip of over 4% in the morning trade, accompanied by high trading volumes. Such a decline may be attributed to market sentiment or recent announcements affecting the sector.

Punjab National Bank (PNB)

Price: ₹105.57
Change: Down by ₹0.28 (-0.26%)
Volume: 7.94 million shares PNB saw a slight dip in its share price but continued to witness active trading. The movement in PNB’s stock could be driven by developments in the banking sector or macroeconomic factors influencing investor behavior.

HDFC Bank

Price: ₹1,645.75
Change: Down by ₹11.90 (-0.71%)
Volume: 6.32 million shares Despite being one of the largest private banks in India, HDFC Bank’s shares experienced a minor drop in the opening hours. The stock remained actively traded, reflecting its prominence among investors.

Tata Steel

Price: ₹167.14
Change: Up by ₹0.39 (+0.23%)
Volume: 5.89 million shares Tata Steel showed slight positive momentum, rising by 0.23% in early trade. The stock saw active buying interest, which could be tied to the company’s recent business performance or sectoral developments.

Indian Railway Finance Corporation (IRFC)

Price: ₹149.15
Change: Down by ₹2.92 (-1.92%)
Volume: 4.90 million shares IRFC shares were among the top volume movers, with the stock falling by nearly 2% in early trade. The movement may be associated with investor sentiment around the stock or sectoral dynamics.

These volume-heavy stocks are closely watched by investors and traders alike, as their movements can set the tone for market trends throughout the day. Whether due to market news, economic factors, or corporate updates, these stocks are likely to remain in focus for the rest of the trading session.

Bajaj Housing Finance allots NCDs worth ₹550 crore

Aditya Bhagchandani — Fri, 04 Oct 2024 09:45:09 +0000

Bajaj Housing Finance Limited (BAJAJHFL) has announced the allotment of 55,000 secured, redeemable non-convertible debentures (NCDs) on a private placement basis. The total value of these NCDs stands at ₹550 crore.

These NCDs carry an interest rate of 7.56% per annum, which will be paid both annually and upon maturity. The maturity period for the NCDs is set to end on October 4, 2034. Additionally, the debentures will be listed on the Wholesale Debt Market Segment of BSE Limited.

The issuance of NCDs is a financial strategy often adopted by companies to raise capital, and this move is expected to help BAJAJHFL in its funding requirements. The terms of the interest rate and the maturity period are indicative of a secure, long-term investment option for the company and its investors.

Bajaj Housing Finance share price falls 7% in morning trade

Aman Shukla — Thu, 19 Sep 2024 04:36:26 +0000

Bajaj Housing Finance saw its stock price drop more than 7% in today’s morning trade.

The share opened at ₹172.98, reflecting a steady interest from investors. The stock reached a high of ₹175.75 during the trading session, showcasing its upward potential, while the day low was ₹161.11.

Market watchers are keen to see how Bajaj Housing Finance navigates upcoming challenges and opportunities, making it a stock worth following closely for potential growth.

Stock prices fluctuate during the trading day owing to several factors. Before making any investment decisions, investors should conduct their own research and consider market risks.

As of 10:05 am, Bajaj Housing Finance shares were trading 5.94% lower at Rs 162.91 on the NSE.

Bajaj Housing Finance’s market cap is now bigger than combined market cap of 10 other peers

Arunika Jain — Tue, 17 Sep 2024 11:58:17 +0000

Bajaj Housing Finance has solidified its dominance in the housing finance sector by achieving a market capitalization of ₹1,51,155.86 crore. This impressive milestone now places its market cap above the combined total of 10 other listed housing finance companies, which together account for ₹1,49,035.66 crore.

Bajaj Housing Finance’s stock closed at ₹181.50 on the NSE today, reflecting strong investor confidence in the company’s robust growth strategy and leadership in the industry. This recent surge has enabled it to outpace competitors in the market, both in terms of market cap and stock performance.

Among its peers, LIC Housing Finance Limited follows with a market cap of ₹37,236.51 crore, and a closing price of ₹676.95. PNB Housing Finance Limited holds the second-largest market cap among the competitors, valued at ₹27,326.85 crore, with its shares closing at ₹1,052.00 on the NSE.

Other key players in the sector include Aadhar Housing Finance Limited (₹19,578.89 crore, ₹455.60 closing price), Aavas Financiers Limited (₹14,316.71 crore, ₹1,809.00 closing price), and Aptus Value Housing Finance India Limited (₹16,728.00 crore, ₹335.00 closing price). These companies, while significant in their own right, still fall short in comparison to Bajaj Housing Finance’s meteoric growth.

Here’s a detailed breakdown of the market caps and closing prices of the top housing finance companies as of September 17, 2024, 5 PM:

Company	Market Cap (₹ Cr.)	Closing Price (₹)
Bajaj Housing Finance	1,51,155.86	181.50 on NSE
Aadhar Housing Finance Limited	19,578.89	455.60 on NSE
LIC Housing Finance Limited	37,236.51	676.95 on NSE
Aavas Financiers Limited	14,316.71	1,809.00 on NSE
Aptus Value Housing Finance India Limited	16,728.00	335.00 on NSE
Can Fin Homes Limited	11,746.86	882.20 on NSE
Home First Finance Company India Limited	10,441.79	1,172.40 on NSE
India Shelter Finance Corporation Limited	7,787.80	726.10 on NSE
Repco Home Finance Limited	3,487.80	557.50 on NSE
PNB Housing Finance Limited	27,326.85	1,052.00 on NSE
Star Housing Finance Ltd	384.45	48.80 on BSE
Total of 10 other companies	1,49,035.66	–

While companies like Can Fin Homes Limited (₹11,746.86 crore, ₹882.20 closing price) and Home First Finance Company India Limited (₹10,441.79 crore, ₹1,172.40 closing price) remain key players in the sector, Bajaj Housing Finance’s staggering market cap far outstrips the collective value of these competitors.

This achievement highlights the continued growth trajectory of Bajaj Housing Finance as it leverages its leadership position in the housing finance market. Through a combination of strategic initiatives and a strong focus on expanding its loan book, Bajaj Housing Finance is positioned for further growth in the coming years.

Bajaj Housing Finance shares hit 10% upper circuit after PhillipCapital initiates Buy call expecting 27% upside

News Desk — Tue, 17 Sep 2024 03:53:27 +0000

Bajaj Housing Finance surged 10% to ₹181.50 in early trading today, hitting the upper circuit limit, following strong positive sentiment fueled by an optimistic analyst report from PhillipCapital. The stock opened at ₹175.50 and reached a high of ₹181.50, continuing its strong momentum from the IPO listing.

Stock Price Details:

Open: ₹175.50
High: ₹181.50
Low: ₹175.00
Previous Close: ₹165.00

The rally in the stock price is driven by PhillipCapital’s initiation of a “Buy” call with a target price of ₹210 per share. The firm highlighted Bajaj Housing Finance’s strategic focus on home loan aspirants in the ₹5 million range, addressing 65% of home loan originations in India. Additionally, its construction finance book is expected to remain stable, comprising 8-10% of its total portfolio.

Analysts expect the company’s balance sheet to exceed ₹2 lakh crore in the next three years, with benign near-term credit costs further supporting the growth outlook. This positive analyst view has strengthened investor confidence, driving the stock’s upward movement.

Investors are seeing significant gains, and with a strong market position in the housing finance sector, Bajaj Housing Finance is expected to continue its growth trajectory.

Phillip Capital initiates Buy call on Bajaj Housing Finance, expects stock to rally more 27% after strong listing

Markets Desk — Tue, 17 Sep 2024 02:01:24 +0000

Phillip Capital has issued a bullish report on Bajaj Housing Finance Limited (BHFL), projecting a potential 35%+ upside for the company following its listing. Phillip Capital has initiated coverage with a “BUY” recommendation on Bajaj Housing Finance and set a target price of Rs 210 for its shares, reflecting a 27% increase from current levels.

According to Phillip Capital, BHFL’s recent classification as an upper-layer non-banking financial company (NBFC) under scale-based regulations has paved the way for its listing within three years. The firm has developed three valuation scenarios—bull, bear, and base—while incorporating a conservative hold-co discount of 15% to account for potential uncertainties.

In the bull case, Phillip Capital anticipates a price-to-earnings (P/E) multiple of 30x for BHFL, approximately 20% lower than the +1 standard deviation of Bajaj Finance (BAF). For the base scenario, a 50% weightage is applied, with 40% for the bear case and 10% for the bull case. This approach highlights a balanced outlook, factoring in both optimistic and cautious market conditions.

Phillip Capital underscores several key aspects of BHFL’s business model:

Customer Demographics and Offerings: BHFL targets high-income salaried individuals, with an average annual salary of around Rs 1.4 million. The company enhances its appeal through strategic top-up home loans, which boost yields in a competitive market.

Loan Sourcing and Efficiency: Approximately 40% of BHFL’s home loans are sourced from existing Bajaj Finance customers, with 90% allocated to salaried individuals. This practice helps reduce costs and improve risk-adjusted spreads, resulting in superior return ratios compared to peers.

Loan-to-Value Ratios: About 70% of BHFL’s loan against property (LAP) loans are for self-occupied residential properties, with a focus on maintaining a low loan-to-value (LTV) ratio. This approach highlights the company’s emphasis on operational efficiency and strong return metrics.

Operational Metrics: BHFL’s asset under management (AUM) per branch is approaching that of LIC Housing Finance (LICHF), and its AUM per employee matches Can Fin Homes. The company’s borrowing costs are better than Can Fin Homes, contributing to favorable risk-adjusted spreads and return on equity (RoE).

Phillip Capital’s valuation of BHFL is anchored on its strategic focus on mid-sized home loans, which cater to around 65% of India’s home loan market. The company’s shift towards Lease Rental Discounting (LRD) and steady credit costs are expected to drive robust return ratios, with projected RoA/RoE of 2%+ and 12%+, respectively. With anticipated balance sheet growth to Rs 2 trillion+ over the next three years, BHFL’s scale and efficiency are poised to enhance its financial performance.

Bajaj Housing Finance hits upper circuit, shares surge 10% to ₹165

Aditya Bhagchandani — Mon, 16 Sep 2024 07:21:46 +0000

Bajaj Housing Finance made a strong debut on the stock market today, September 16, 2024, with shares listing at ₹150 on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). This marks a substantial 114.29% increase from the IPO issue price of ₹66-70 per share. Shortly after listing, the stock hit the upper circuit, climbing 10% to ₹165.

The company’s ₹6,560 crore IPO was in high demand, receiving a subscription of 63.61 times, with qualified institutional buyers (QIBs) leading the charge, subscribing 209.36 times. The grey market premium prior to listing was around ₹79, signaling strong investor interest.

Investors are enjoying significant gains, with retail applicants earning ₹17,120 per application, while high-net-worth individuals (HNIs) are seeing profits of ₹2,39,680 per application. Shareholders have also benefitted with gains of ₹17,120 per application.

The IPO consisted of a fresh issue worth ₹3,560 crore and an offer-for-sale (OFS) of ₹3,000 crore by Bajaj Finance. The funds are aimed at supporting the company’s capital base for future growth.

Following the successful listing, Bajaj Housing Finance Managing Directors, Sanjiv Bajaj and Atul Jain, expressed confidence in the company’s growth potential. They emphasized strong financial stability, steady margins, and stable Net Interest Margins (NIMs), setting a positive outlook for the company’s future.

Bajaj Housing Finance shareholders’ earn Rs 17,120 profit at listing price, HNI wealth doubles too

Aditya Bhagchandani — Mon, 16 Sep 2024 04:33:23 +0000

The much-awaited Bajaj Housing Finance IPO has certainly exceeded expectations, delivering a massive listing day on the stock exchange. With an opening price of ₹150, a remarkable 114% premium over its issue price of ₹70, the IPO has rewarded investors across the board, from retail investors to high-net-worth individuals (HNIs) and existing shareholders.

Bumper Opening: ₹150 vs ₹70

The stock made its debut at ₹150, a 114% jump from the IPO price of ₹70. This substantial surge reflects strong investor sentiment and confidence in Bajaj Housing Finance’s long-term growth potential. Post-listing, the price-to-book (P/B) ratio was calculated at 6.8, which is considered expensive when compared to its sector peers. However, the robust demand for the stock underscores the market’s positive outlook on the company’s future trajectory.

Profits for Various Investors

Retail Investors
Retail investors who participated in the IPO allocation are celebrating significant returns. Each share they acquired at ₹70 has nearly doubled, resulting in handsome profits. With an opening price of ₹150 per share, a retail investor’s gain stands at ₹17,120 on their investments, making it a rewarding experience for individual investors.

Existing Shareholders
Existing shareholders of Bajaj Housing Finance have similarly benefited from the IPO’s success. For those who had already held shares, the listing brought an equally lucrative windfall of ₹17,120 in profit, showcasing the company’s strong market performance post-listing.

HNI Investors
High Net-Worth Individuals (HNIs) have walked away with substantial gains from the IPO. HNI investors witnessed profits soaring to ₹2,39,680, which places this IPO among the most profitable offerings of the year. The large capital gains have particularly appealed to this category of investors, reaffirming their faith in the stock’s potential for future growth.

With a stellar 114% listing gain, the Bajaj Housing Finance IPO has rewarded all categories of investors, from retail participants to HNIs and lo

Bajaj Housing Finance shares list at ₹150, up 114% from IPO price

News Desk — Mon, 16 Sep 2024 04:21:56 +0000

Bajaj Housing Finance shares are listed today, September 16, 2024, at ₹150 on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), marking a 114.29% increase from the IPO issue price of ₹66-70 per share.

Investor demand: The company’s ₹6,560 crore IPO was subscribed 63.61 times, with strong demand from qualified institutional buyers (QIBs) who subscribed 209.36 times. The grey market premium leading up to the listing was around ₹79.

Profit per application: Investors are seeing substantial gains, with retail applicants earning a profit of ₹17,120 per application, high-net-worth individuals (HNIs) gaining ₹2,39,680 per application, and shareholders earning ₹17,120 per application.

Market performance: Analysts expect stable performance from Bajaj Housing Finance based on its fundamentals, though some concerns remain about asset concentration and exposure to the real estate sector.

IPO breakdown: The IPO includes a fresh issue of ₹3,560 crore and an offer-for-sale (OFS) of ₹3,000 crore by parent company Bajaj Finance. The funds are intended to support the company’s capital base for future growth.

This listing reflects investor interest in the housing finance sector and Bajaj Housing Finance’s potential for expansion.

Bajaj Housing Finance IPO crosses ₹2 lakh crore in subscription

Aditya Bhagchandani — Wed, 11 Sep 2024 10:12:03 +0000

Bajaj Housing Finance has made a strong debut with its initial public offering (IPO), becoming the first company to surpass ₹2 lakh crore in subscription value. The IPO, launched on September 9, has seen tremendous interest, with the issue being subscribed 59 times by the end of the bidding period.

The company aimed to raise ₹6,560 crore through the offering, with a price band set between ₹66-70 per share. By the end of Day 1, the IPO had been subscribed 2.26 times, and by Day 2, it had surged to 8.08 times.

The IPO consists of a fresh issue of shares worth ₹3,560 crore, with the remaining ₹3,000 crore coming from an offer for sale. The funds raised will be used to strengthen Bajaj Housing Finance’s capital base to support its lending operations.

Retail investors had the opportunity to apply with a minimum investment of ₹14,980 for 214 shares. Allocation of shares is expected to be finalized on September 12, 2024, with the listing on the BSE and NSE likely on September 16, 2024.

Mainboard IPOs Closing Today: Key details on Bajaj Housing Finance, Kross, and Tolins Tyres

Aditya Bhagchandani — Wed, 11 Sep 2024 08:21:58 +0000

Several high-profile Mainboard IPOs are closing for subscription today, attracting strong investor interest across various categories. Here’s a quick rundown of the three major IPOs set to conclude:

Kross Ltd IPO

Kross Ltd’s IPO, which opened on September 9, is set to close today. The issue has seen significant interest, with subscriptions reaching 2.73 times by the end of Day 2. The retail portion was particularly strong, being subscribed 4.15 times, while the non-institutional investor (NII) category was subscribed 3.03 times. However, the Qualified Institutional Buyer (QIB) portion saw minimal interest with just 0.03 times subscription.

The ₹500 crore IPO includes an offer for sale of 1.04 crore shares, worth ₹250 crore, and a fresh issue of 1.04 crore shares, also valued at ₹250 crore. The Kross IPO allocation is expected on Thursday, September 12, with the tentative listing on the BSE and NSE slated for Monday, September 16. The IPO’s Grey Market Premium (GMP) stands at ₹50, suggesting a possible listing price of ₹290, a 20.83% premium over the issue price of ₹240.

Bajaj Housing Finance Ltd IPO

Bajaj Housing Finance Ltd’s ₹6,560 crore IPO, which opened on September 9, also concludes today. The price band is set between ₹66-70 per share. The IPO saw strong demand, with subscriptions hitting 8.08 times by the end of Day 2.

The offering consists of a fresh issue of ₹3,560 crore and an offer for sale of ₹3,000 crore. The proceeds from the fresh issue will bolster the company’s capital for future lending operations. Retail investors can apply for a minimum lot size of 214 shares, amounting to an investment of ₹14,980. The allotment is expected to be finalized on September 12, with a listing on September 16.

Tolins Tyres Ltd IPO

Tolins Tyres Ltd, a Kerala-based tyre manufacturer, has also garnered significant interest, with the IPO being subscribed 10.75 times by 1:15 PM on September 11. The retail portion saw a subscription of 14.63 times, while the NII portion was subscribed 13.36 times. The QIB segment lagged slightly, with a subscription rate of 2 times.

The company aims to raise ₹230 crore, which includes a fresh issue of ₹200 crore and an offer for sale of 13.27 lakh shares. Tolins Tyres is known for providing tyre retreading solutions and exporting to over 40 countries. The company’s GMP currently stands at ₹39-40 per share, indicating a potential listing gain of around 18%.

Investors should carefully consider the details before making any last-minute bids, as all three IPOs close today.

Bajaj Housing Finance opens IPO after raising ₹1,750 crores from key investors

Aditya Bhagchandani — Mon, 09 Sep 2024 05:57:44 +0000

Bajaj Housing Finance, one of India’s largest home loan providers, has opened its much-anticipated Initial Public Offering (IPO) to the public. After securing ₹1,750 crores ($209 million) from big institutional investors, the IPO is now open for public subscription and will close on Wednesday.

The total IPO size is ₹6,560 crores ($782 million), with Bajaj Housing Finance issuing fresh shares worth ₹3,350 crores ($424 million). Its parent company, Bajaj Finance, is selling shares worth ₹2,950 crores ($357 million). The price range for shares is set between ₹66 and ₹70 apiece.

Analysts predict strong interest in the offering, as the company is expected to benefit from the growing demand for home loans, especially with rising luxury property prices. Once listed, Bajaj Housing Finance will become India’s most valuable listed home loan provider, with a valuation of around ₹58,600 crores ($7 billion).

India’s stock market has witnessed a boom this year, with around 200 companies raising over ₹58,600 crores ($7 billion) through IPOs. Some of the big names include Ola Electric and Bharti Hexacom.

Bajaj Housing Finance IPO opens: Key details and what investors need to know

Arunika Jain — Mon, 09 Sep 2024 02:54:51 +0000

Bajaj Housing Finance Limited (BHFL) has launched its Initial Public Offering (IPO) today, September 9, 2024, which will remain open until September 11, 2024. This IPO is a significant event in the Indian financial market, aiming to raise a total of ₹6,560 crores, comprising a fresh issue of ₹3,560 crores and an offer for sale (OFS) of ₹3,000 crores. The price band for the shares has been set between ₹66 and ₹70, with a face value of ₹10 per share.

Company Overview

Founded in 2015 and registered with the National Housing Bank, Bajaj Housing Finance is a non-deposit-taking housing finance company (HFC). It primarily focuses on providing a range of mortgage products, including home loans, loans against property, lease rental discounting, and developer financing. The company has carved a niche in the housing finance sector, particularly catering to salaried individuals, which constitutes a significant portion of its customer base.

As of March 31, 2024, BHFL reported assets under management (AUM) of approximately ₹913,704 million, reflecting a robust compound annual growth rate (CAGR) of 30.9% from fiscal years 2022 to 2024. The average ticket size for home loans issued by the company stands at ₹4.6 million, with an average loan-to-value ratio of 70.5%.

Financial Performance

Bajaj Housing Finance has demonstrated strong financial performance, with a reported net profit of ₹1,731 crore for the fiscal year 2023-24, a substantial increase of 38% from ₹1,258 crore in the previous fiscal year. The company has maintained a low non-performing asset (NPA) ratio, which is indicative of its credit quality and effective risk management practices. This focus on high-quality borrowers has resulted in over 75% of its home loans being issued to customers with a CIBIL score above 750.

IPO Details

The IPO’s structure allows investors to apply for a minimum of one lot, which consists of 214 shares, amounting to an investment of approximately ₹14,980 at the upper price band. Investors can apply for a maximum of 13 lots, totaling 2,782 shares. The allotment of shares will be finalized on September 12, 2024, with the listing expected to occur on September 16, 2024.

Key Financial Metrics

Price Band: ₹66 – ₹70 per share
Lot Size: 214 shares
Minimum Investment: ₹14,980 (1 lot)
Maximum Investment: ₹194,740 (13 lots)
Total Issue Size: ₹6,560 crores (Fresh Issue: ₹3,560 crores + OFS: ₹3,000 crores)

Market Sentiment and Expectations

The market sentiment surrounding the IPO is optimistic, with expectations of significant listing gains. Reports indicate a grey market premium (GMP) of ₹50-51 per share, suggesting a potential listing gain of approximately 70% from the upper end of the price band. Such premiums often reflect investor confidence in the company’s growth prospects and overall market conditions.

Strategic Objectives

The proceeds from the IPO will primarily be utilized to strengthen the company’s capital base, facilitating future business expansion and onward lending. This strategic move aligns with the growing demand for housing finance in India, driven by a significant housing shortage estimated at around 100 million units. The company aims to leverage this opportunity to enhance its market presence and service offerings.

Conclusion

The Bajaj Housing Finance IPO represents a crucial step for the company as it seeks to capitalize on the expanding housing finance market in India. With a solid financial background, a diverse product portfolio, and a focus on high-quality borrowers, BHFL is well-positioned for future growth. Investors will be keenly watching the subscription response and subsequent listing performance as the company embarks on this new chapter in its corporate journey.

Bajaj Twins surge over 2% as the top Nifty gainers after unveiling Bajaj Housing Finance IPO plans

News Desk — Mon, 02 Sep 2024 05:01:53 +0000

Shares of Bajaj Finance and Bajaj Finserv, collectively known as the Bajaj Twins, surged in early trading today, emerging as the top gainers on the Nifty index. The rally comes on the heels of the announcement of Initial Public Offering (IPO) plans for Bajaj Housing Finance, a subsidiary of Bajaj Finance.

Stock Performance

As of 10:28 AM:

Bajaj Finance (NSE: BAJFINANCE) was trading at ₹7,352.75, up ₹152.60 or 2.12%
Bajaj Finserv (NSE: BAJAJFINSV) saw an even stronger performance, trading at ₹1,834.90, up ₹51.85 or 2.91%

Bajaj Housing Finance IPO Details

The upcoming IPO for Bajaj Housing Finance has generated significant investor interest. Key details include:

IPO Timeline: September 9-11, 2024
Total Issue Size: ₹6,560 crore
- Fresh Issue: ₹3,560 crore
- Offer for Sale (OFS): ₹3,000 crore
OFS Participant: Bajaj Finance will be selling shares worth ₹3,000 crore via OFS

As the IPO date approaches, all eyes will be on the Bajaj Group to see how this new listing impacts the overall group structure and valuation. Investors and market watchers will be keenly observing the subscription levels and eventual listing performance of Bajaj Housing Finance shares.

Bajaj Housing Finance launches Sambhav Home Loans

Aditya Bhagchandani — Tue, 02 Jul 2024 11:47:56 +0000

Bajaj Housing Finance has introduced Sambhav Home Loans, a new product aimed at making home ownership more accessible and affordable for first-time homebuyers.

The product is tailored for those looking to achieve their dream of owning a home through affordable housing finance. According to the company, the income requirement for Sambhav Home Loans starts from just Rs 10,000 per month, with loan amounts starting at Rs 10 lakh.

Additionally, the bank is launching a pre-shipment financing solution to support Indian SMEs. This new offering will provide trade finance in a credit-light manner, empowering small and midsize enterprises by supporting their entire trade cycle from sourcing raw materials to delivering the end product to customers.

This solution will particularly benefit MSMEs and SMEs across India, enabling them to improve cash flow and fulfill orders even before goods are delivered to buyers.

Bajaj Housing Finance Limited files DRHP with SEBI for Rs. 7000-cr IPO

Aditya Bhagchandani — Sat, 08 Jun 2024 10:50:47 +0000

Bajaj Housing Finance Limited (BHFL), part of the Bajaj Group (with Bajaj Finance Limited and Bajaj Finserv Limited as promoters), has filed a Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO). BHFL is a non-deposit taking Housing Finance Company (HFC), registered with the National Housing Bank (NHB) since September 24, 2015, and has been engaged in mortgage lending since the 2018 fiscal year.

The public offer, aggregating up to ₹7,000 crore, comprises a fresh issue of equity shares worth up to ₹4,000 crore and an offer for sale (OFS) of up to ₹3,000 crore by the “Selling Shareholder” (the “Offer for Sale”) with a face value of ₹10 per equity share by Bajaj Finance Limited (the “Promoter Selling Shareholder”).

The public offer includes a reservation of equity shares for subscription by eligible employees (“Employee Reservation Portion”) and a reservation of equity shares with a face value of ₹10 each for subscription by eligible shareholders of promoters (“Shareholders Reservation Portion”), including individuals and HUFs who are public equity shareholders of the promoters.

BHFL plans to use the net proceeds to augment the company’s capital base to meet its future business requirements for onward lending.

This offer is being made under Rule 19(2)(b) of the SCRR, read with Regulation 31 of the SEBI ICDR Regulations. Not more than 50% of the net offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (QIBs, and such portion, the “QIB Portion”). The company, in consultation with the BRLMs, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis, following the SEBI ICDR Regulations (“Anchor Investor Portion”). At least one-third of this shall be available for allocation to domestic mutual funds, subject to valid bids being received from them at or above the Anchor Investor Allocation Price. Further, not less than 15% of the net offer shall be available for allocation to Non-Institutional Bidders, and not less than 35% to Retail Individual Bidders (RIBs), subject to valid bids being received at or above the offer price.

All potential bidders (except Anchor Investors) must use the Application Supported by Blocked Amount (ASBA) process, providing details of their bank accounts (including UPI ID for UPI Bidders using UPI Mechanism) where the bid amount will be blocked by SCSBs or Sponsor Banks.

The company, in consultation with the BRLMs, may consider a Pre-IPO Placement before filing the Red Herring Prospectus with the RoC.

The equity shares offered through the Red Herring Prospectus are proposed to be listed on BSE Limited (BSE) and National Stock Exchange of India Limited (NSE).

Kotak Mahindra Capital Company Limited, BofA Securities India Limited, Axis Capital Limited, Goldman Sachs (India) Securities Private Limited, SBI Capital Markets Limited, JM Financial Limited, and IIFL Securities Limited are the Book Running Lead Managers for the issue.

About Bajaj Housing Finance Limited:

BHFL, a subsidiary of Bajaj Finance Limited under the Bajaj Group (founded in 1926), has been categorized as an “Upper Layer” NBFC (NBFC-UL) by the RBI since September 30, 2022. It offers financial solutions for purchasing and renovating homes and commercial spaces. Its comprehensive mortgage product suite includes home loans, loans against property (LAP), lease rental discounting, and developer financing, with a primary focus on individual retail housing loans.

As of March 31, 2024, BHFL had a network of 215 branches across 174 locations in 20 states and three union territories, managed by six centralized hubs for retail underwriting and seven for loan processing. BHFL holds the highest possible credit ratings in India for both long-term (CRISIL AAA/stable and IND AAA/stable) and short-term (CRISIL A1+ and IND A1+) borrowing programs.