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Bajaj Housing Finance
ListedFinancial Services2024Mortgage lender backed by the Bajaj Group. The year's blockbuster, doubling on debut amid record retail demand.
Return from IPO
+69%
₹70 → ₹118
Issue Price
₹70
Listing Price
₹150
Current
₹118
52W High
₹188
52W Low
₹103
Listing Gain
+114.3%
Company Overview
Introduction
Bajaj Housing Finance is a non-deposit-taking housing finance company offering home loans, loans against property and developer finance, part of the Bajaj Finance group.
Business Model
Earns a net interest margin on a prime, low-risk mortgage book, leveraging the Bajaj brand, low cost of funds and a digital-first distribution model.
Industry Analysis
India's mortgage-to-GDP ratio remains low versus peers, giving prime housing lenders a long growth runway.
Promoters
Bajaj Finance Limited Bajaj Finserv Limited
IPO Details
Issue Size
₹6,560 Cr
Price Band
₹66 – ₹70
Lot Size
214 shares
Open → Close
09 Sept 2024 – 11 Sept 2024
Listing Date
16 Sept 2024
Listing Gain
+114.3%
Subscription (times)
63.6x
Overall
209.4x
QIB
41.5x
NII
7.0x
Retail
Market Performance
Current Price
₹118
Market Cap
₹98,200 Cr
P/E Ratio
49.5
Dividend Yield
0%
ROE
15.2%
ROCE
9.1%
Financials
Revenue CAGR +42.2%| Fiscal Year | Revenue | Profit | EBITDA | Net Worth | Debt |
|---|---|---|---|---|---|
| FY22 | ₹3,767 Cr | ₹710 Cr | ₹3,200 Cr | ₹6,700 Cr | ₹38,000 Cr |
| FY23 | ₹5,665 Cr | ₹1,258 Cr | ₹4,900 Cr | ₹10,500 Cr | ₹52,000 Cr |
| FY24 | ₹7,618 Cr | ₹1,731 Cr | ₹6,600 Cr | ₹12,200 Cr | ₹73,000 Cr |
All figures in ₹ crore.
Price History
IPO Price vs Current
Returns
Key Numbers
GMP
₹75
Issue Size
₹6,560 Cr
Return from IPO
+68.6%
Listing Gain
+114.3%
News & Updates
- 29 Apr 2025
Bajaj Housing AUM crosses milestone in FY25
Mint
- 20 Jan 2025
Reports lowest GNPA among large HFCs
Moneycontrol
SWOT Analysis
Strengths
- • Strong Bajaj parentage and brand
- • Prime, low-NPA loan book
- • Low cost of borrowing
Weaknesses
- • Thin spreads on prime mortgages
- • High competitive intensity
Opportunities
- • Under-penetrated mortgage market
- • Cross-sell across Bajaj ecosystem
Threats
- • Interest-rate volatility
- • Aggressive pricing by banks
Figures are illustrative sample data for demonstration — not investment advice.