Bajaj Housing Finance's IPO is open for subscription today. The company is a non-deposit housing finance company (HFC) under the Bajaj Group in India, established in 2008 and registered with the National Housing Bank (NHB) in 2015. It focuses on providing financial services such as housing loans, property mortgages, rent discounts, and developer financing
As of March 31, 2024, the company has 308,693 active customers, most of whom are housing loan customers, indicating the company's market breadth and customer coverage. It operates 215 branches across 20 states and 3 union territories, reflecting its deep penetration in the Indian market
According to available information, Bajaj Housing Finance's financial data shows strong performance in recent years, with revenue growth: a 34% increase in 2024 compared to 2023, demonstrating business expansion and rising market demand. Net profit grew by 38%, from ₹1257.8 crore to ₹1731.22 crore, indicating a significant improvement in profitability. As of June 30, 2024, the company's assets reached ₹8,8538.83 crore, showing a strong asset base
The Bajaj Housing Finance IPO represents a relatively reasonably valued opportunity with long-term growth potential. Its strong market positioning and healthy financial performance make it an attractive investment in the housing finance sector. It is recommended that retail and high-net-worth investors subscribe, with high-net-worth investors having a higher likelihood of allocation in weighted accounts
