Bajaj Housing Finance (Bajaj HF), a subsidiary of Bajaj Finance, announced plans for an IPO on June 6,
The filing with the stock exchange indicates a targeted issue size of ₹4,000 crore ($500 million). This is expected to be an Offer for Sale (OFS), meaning existing shareholders will be selling their stake in the company, not Bajaj Housing Finance itself raising new capital.
This move comes in line with the Reserve Bank of India’s (RBI) regulations requiring large NBFCs (Non-Banking Financial Companies) to go public within three years of meeting certain criteria. Bajaj Housing Finance was among 16 such NBFCs identified by the RBI in September 2022.
The news of the IPO boosted Bajaj Finance’s stock price in March 2024, with expectations of a $10 billion valuation for Bajaj Housing Finance.
