Bajaj Finance and Bajaj Finserv, aims to raise approximately Rs 6,560 crore through the public offer. This will consist of Rs 3,560 crore from a fresh equity sale and Rs 3,000 crore from an offer for sale (OFS).
The price band for the issue will be announced soon.
Approximately 50% of the offer is reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors, and the remaining 35% for retail investors.
The public offer includes a reservation of equity shares for subscription by eligible employees, as well as a reservation for subscription by eligible shareholders of the promoters, including individuals and Hindu Undivided Families (HUFs) who are public equity shareholders of the promoters.
Net proceeds from the public offer will be used to enhance the company’s capital base to support future business requirements and onward lending.
Bajaj Housing Finance is a non-deposit-taking housing finance company (HFC) registered with the National Housing Bank since September 2015. The company offers customized financial solutions for purchasing and renovating residential and commercial properties.
It has also been identified and categorized as an upper-layer non-banking financial company (NBFC) by the RBI. Its comprehensive mortgage products include home loans, loans against property, lease rental discounting, and developer financing.
The company primarily focuses on individual retail housing loans, complemented by a diverse range of commercial and developer loans. It serves a broad spectrum of