BAJAJ HOUSING FINANCE LIMITED’S ₹ 6,560 CRORE INITIAL PUBLIC OFFERING TO OPEN ON SEPTEMBER 9

Ahmedabad, Sep 04, Bajaj Housing Finance Limited’s ₹ 6,560 crore initial public offering to open on September 09.
According to a statement issued by the BHFL here today The Bid/Offer Period in respect of the initial public offering of Equity Shares of Bajaj Housing Finance Limited (BHFL) , shall commence on Monday, September 09,  2024. The total Offer Size is such number of Equity Shares (face value ₹ 10 each) aggregating up to ₹ 6,560 crore, comprising a Fresh Issue of such number of Equity Shares aggregating up to ₹ 3,560 crore and an Offer for Sale of such number of Equity Shares aggregating up to ₹ 3,000 crore. The Anchor Investor Bidding Date shall be on Friday, September 06, 2024 and the Bid / Offer Closing Date will be Wednesday, September 11, 2024.
The Price band of the Offer is ₹ 66 to ₹ 70 per Equity Share. Bids can be made for a minimum of 214 Equity Shares and in multiples of 214 Equity Shares thereafter.
For subscription by Employee, reservation portion includes Equity Shares aggregating up to ₹200 crore and for shareholders of Bajaj Finance Limited and Bajaj Finserv Limited, reservation portion includes Equity Shares aggregating up to ₹ 500 crore.
The Company intends to utilize the Net Proceeds of the Offer towards augmenting its capital base to meet future business requirements of the Company towards onward lending.