Bajaj Housing Finance, a unit of Bajaj Finance, is reportedly exploring an IPO to comply with regulatory requirements set by the Reserve Bank of India (RBI).
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The RBI mandates “upper layer” non-banking financial companies (NBFCs) to list within a specified timeframe. Bajaj Housing Finance aims to go public by September 2025.
What Happened: Preliminary discussions have been initiated with multiple investment banks regarding the potential IPO, which is anticipated to be valued between $9 billion to $10 billion (around ₹75,000 crore to ₹83,000 crore), Moneycontrol reported, citing sources.
The company is considering raising $900 million to $1 billion (around ₹7,500 crore to ₹8,300 crore) through the IPO, with plans for a combination of primary and secondary share issues, sources told the business publication.
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While no final decision has been made, talks with investment banks are in the early stages. A syndicate of bankers is expected to be chosen soon to facilitate the IPO process. The IPO marks a significant move for the Bajaj Group, potentially representing its first IPO in several years.
Bajaj Housing Finance offers a diverse range of financial products, including financing for home purchases, renovations, loans against property, and working capital for business expansion. The company serves over 76.5 million customers across India.
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Price Action: Bajaj Finance’s share price ended 1.72% higher at ₹7,029 at the end of trade on Wednesday, following the news.
