Bajaj Housing Finance IPO Opens September 9

Bajaj Housing Finance is set to launch its initial public offering (IPO) on September 9, aiming to raise ₹6,560 crore through a combination of a fresh issue and an offer for sale. The IPO will consist of ₹3,560 crore from new shares and ₹3,000 crore from promoter sales, with a bidding window open until September 11. The price band will be announced shortly, and the issue will reserve portions for qualified institutional buyers, retail investors, and eligible employees. Proceeds from the IPO will be used to strengthen the company's capital base for future lending activities. Bajaj Housing Finance, a non-deposit-taking housing finance company, focuses on mortgage products and has reported significant growth in profits and assets in recent years. The IPO marks a significant step for the company, which is part of the Bajaj Group, enhancing its visibility and public market presence in India.