Bajaj Housing Finance Files DRHP For IPO With SEBI, Aims To Raise Rs 7,000 Crore

According to the prospectus, Kotak Mahindra Capital Company Ltd, BofA Securities India Ltd, Axis Capital Ltd, Goldman Sachs (India) Securities Pvt Ltd, SBI Capital Markets Ltd, JM Financial Ltd, and IIFL Securities Ltd are book-running lead managers. KFin Technologies Ltd is the registrar of the issue.Bajaj Housing has not yet disclosed the price band and dates of listing.Bajaj Housing Finance is fully owned by Bajaj Finance, and Bajaj Finserv owns a 51.34 per cent stake in Bajaj Finance. The lender is a non-deposit-taking housing finance company registered with the National Housing Bank since September 2015. It offers financial solutions for purchasing and renovating residential and commercial properties.The company reported a net profit of Rs 1,731 crore for the fiscal 2024, up 38 per cent from Rs 1,258 crore in the previous financial year. The company’s percentage of home loans to total assets under management (AUM) stood at 57.8 per cent as of March 31, 2024, down from 61.7 per cent a year ago.

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