There were 13 main board IPOs in September 2024 of Premier Energies Limited, ECOS (India) Mobility & Hospitality Limited, Bazaar Style Retail Limited, Gala Precision Engineering Limited, Shree Tirupati Balajee Agro Trading Limited, Kross Limited, Tolins Tyres Limited, Bajaj Housing Finance Limited, P N Gadgil Jewellers Limited, Western Carriers (Indai) Limited, Arkade Developers lmited, Northern Arc Capital Limited and Manba Finance Limited as against 08 main board IPOs in August 2024. There were 07 SME IPOs in September 2024 as against 06 SME IPOs in August 2024.
Bajaj Housing Finance Limited:
| About the Company | Founded in 2008, Bajaj Housing Finance is a non-deposit-taking Housing Finance Company (HFC) registered with the National Housing Bank (NHB) since 2015 and has been offering mortgage loans since the financial year 2018. As of March 31, 2024, Bajaj Housing Finance’s AUM stood at INR 913,704.0 million, showcasing a compound annual growth rate (CAGR) of 30.9% from Fiscal 2022 to 2024. The average ticket size for its home loans was Rs. 4.6 million, with an average loan-to-value ratio of 70.5%. It has a network of 215 branches across 174 locations in 20 states and three union territories. The revenue increased by 34% and PAT rose by 38% between the financial year ending with March 31, 2024 and March 31, 2023. |
| Funds Utilization | Net proceeds from the IPO will be used for augmenting capital base to meet future business requirements of the company towards onward lending and general corporate purposes. |
| IPO Performance | The Rs. 6,560 Crore IPO consisted of a fresh issue of Rs. 3,560 Crore and an offer for sale of Rs. 3,000 Crore. The issue was oversubscribed over 63.6 times with a record high subscription, receiving bids over Rs. 3 Lakh Crore. QIB’S subscribed the most at 222.05 times to the issue. Shares of Bajaj Housing Finance made an entry on the bourses on September 16, and got listed at Rs 150 at NSE, i.e. a premium of 114 percent over the issue price of Rs 70. |
Funds Mobilization by Corporates (Rs. In Crore)
| Particulars | Jul-24 | Aug-24 |
| I. Equity Issues | 27,024 | 32,451 |
| a. IPOs (i+ii) | 6,060 | 15,464 |
| i. Main Board | 4,878 | 14,700 |
| ii. SME Platform | 1,182 | 763 |
| b. FPOs | 150 | 0 |
| c. Equity Rights Issues | 2,791 | 3,346 |
| d. QIPs/IPPs | 13,699 | 12,282 |
| e. Preferential Allotments | 4,324 | 1,360 |
| II. Debt Issues | 94,305 | 79,856 |
| a. Debt Public Issues | 262 | 445 |
| b. Private Placement of Debt | 94,043 | 79,411 |
| III. REITs/ InvITs | 1,520 | 400 |
| a. REITs | 0 | 0 |
| b. InvITs | 1,520 | 400 |
| Total Funds Mobilized (I+II+III) | 1,22,851 | 1,12,708 |
Acknowledgements:
RBI Bulletin (www.bulletin.rbi.org.in), SEBI (www.sebi.gov.in), NSE (www.nseindia.com), BSE (www.bseindia.com)
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