Page 3 - Bajaj Housing Finance Limited

Share market today: Global markets, Bajaj Housing IPO, Ola Electric eyed

Share market today: Market in Asia dragged after worries about a possible US economic downturn slammed Wall Street on Friday. Bajaj Housing Finance IPO opens, while Gala Precision will list.

IPO buzz next week as 13 companies hit primary mkt to raise Rs 8,644 cr

The IPO market will be bustling next week, with four companies, including Bajaj Housing Finance, set to launch their initial share-sale to raise a total of Rs 8,390 crore. Besides these four main-board IPOs, nine SMEs are preparing to debut with their maiden public issues next week, targeting to collect Rs 254 crore. Together, these 13 firms are looking to raise Rs 8,644 crore through IPO. Munish Aggarwal, Managing Director Head - Equity Capital Markets, Equirus, expects the next two weeks to be hectic in terms of issuance activity in IPO markets. "While this seems to indicate that the markets are overheating, we believe that this is more symptomatic of the attempt by most issuers who have valid Sebi observations and decent traction with investors to try and utilize their financials for Fiscal 2024 to launch IPOs," he said. According to Sebi, financial data in the Red Herring Prospectus (RHP) must be less than six months old at the time of the IPO. Therefore, September is the last

Bajaj Housing Finance raises Rs 1,757 crore from anchor investors

At the upper end of this price band, Bajaj Housing is valued at a price-to-book ratio of 3.2 times on a post-money basis

Bajaj Housing Finance targets nearly $7 bn valuation through $782 mn IPO

As of Aug. 28, about 200 companies have raised $7.11 billion through IPOs this year, more than double in the same period last year, according to LSEG data

Bajaj Finance's housing finance arm files RHP for IPO; shares up 3.2%

Bajaj Finance's housing finance arm Bajaj Housing Finance filed its Red Herring Prospectus (RHP) for an up to Rs 7,000-crore IPO

Bajaj Housing Finance, four others get Sebi's approval to go public

Sebi has also issued the observation letter or approval to IPOs of four other companies, including Rekha Rakesh Jhunjhunwala-backed Baazar Style Retail

Bajaj Housing Finance files papers with Sebi for Rs 7,000 crore IPO

The funds raised from Bajaj Housing Finance's fresh issue will be used to augment its capital base to meet future business requirements

Bajaj Finance stock gains 4% on IPO plans of subsidiary Bajaj Housing Fin

Shares of Bajaj Finance gained 4.1 per cent at Rs 7,201 per share on the BSE in Friday's intraday trade

Bajaj Housing Finance board approves IPO to raise Rs 4,000 crore

The IPO would include a sale of shares by existing shareholders

Bajaj Housing Finance approves to file IPO to raise Rs 4,000 crore

The IPO would be subject to market conditions, approvals and regulatory clearances, the company added.

Bajaj Housing Fin board to meet on Apr 24 to discuss listing requirement

Bajaj Housing Finance is a 100 per cent subsidiary of Bajaj Finance

Bajaj Finance surges 13% in 2 weeks; Here's what is fueling the rally

As per reports, the company is planning an IPO of its housing finance arm, Bajaj Housing Finance (BHFL) at a valuation of Rs 80,000-85,000 crore.

RBI slaps Rs 5 lakh fine on Bajaj Housing Finance for violating provisions

The action stands in violation of certain provisions of the 'Non-Banking Financial Company - Housing Finance Company (Reserve Bank) Directions, 2021' issued by the RBI

RBI releases list of NBFCs in upper layer under scale-based regulations

In terms of the framework, once an NBFC is classified as NBFC-UL, it shall be subject to enhanced regulatory requirement, at least for a period of five years

Tata Capital to LIC Housing finance: Companies to raise funds from markets

Punjab & Sind Bank will raise funds through the sale of certificates of deposit maturing in three months

Bajaj Finance Q2 results: Net profit jumps 88% to Rs 2,781 crore

The company booked 6.76 million loans in Q2FY23, up 7 per cent YoY compared to 6.33 million loans booked in the year-ago period

LIC Housing Finance, Bajaj Housing Finance hike lending rates by 0.5%

Mortgage lenders Bajaj Housing Finance and LIC Housing Finance on Monday announced a 0.50 per cent hike each in their lending rates. The revisions come amid a rising interest rates scenario, which has seen the RBI hiking its key lending rate by 1.40 per cent since May to tame inflation. Bajaj Housing Finance hiked its rate by 0.50 per cent, and the lowest priced product for the salaried and professional applicants will be 7.70 per cent now, as per an official statement. Despite the latest hike, the company claimed to be offering loans at competitive rates compared to most of its peers. LIC Housing Finance has increased its prime lending rate (LHPLR) by 0.50 per cent and the new interest rates on home loans will now start from 8 per cent as against 7.50 per cent previously. The company's chief executive and managing director Y Viswanatha Gowd said the RBI's decision to hike the repo rate by 0.50 per cent has caused "minimum fluctuation" in monthly instalments or tenure of home loan

Bajaj Finance Q4 consolidated net profit up 80% at Rs 2,420 crore

Dividend Rs 20 per share for FY22

Bajaj Housing Fin to raise Rs 3,000 crore via non-convertible debentures

Its overall borrowings stood at Rs 39,128 core, and the mix was 62:38 between banks and markets in September 2021

Eight firms to list commercial papers on BSE for issue size of Rs 35,585 cr

After the process, the effective date for listing of commercial papers (CPs) with the exchange will be January 1, 2020, it added.