Bajaj Housing Finance IPO Latest News: In the latest development into the initial public offering (IPO) of Bajaj Housing Finance, a subsidiary of Bajaj Group, the group is said to be planning to file papers for the public issue of its housing finance unit with capital markets regulator Securities and Exchange Board of India (SEBI).
Bajaj Group is seeking $8 billion (around Rs 667.90 crore) valuation in share offering later this year, as per reports.
Meanwhile, the Bajaj Group is working with advisers into the matter while aiming to raise up to Rs 6,500 crore through the IPO.
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Bajaj Group IPO
Bajaj Group is eyeing a D-Street listing by 2025 of Bajaj Housing Finance, its home finance subsidiary. A listing for the firm was made mandatory after the Reserve Bank of India in September 2022 issued classified it as an NBFC – Upper Layer (NBFC-UL).
Bajaj Housing Finance was amongst the 16 NBFCs and housing finance companies (HFCs) that were classified in the so-called upper layer of the RBI. The RBI had also named Tata Sons, making the listing of Tata Group holding company mandatory by September 2025.
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LIC Housing Finance, Bajaj Finance, Mahindra & Mahindra Financial Services, Shriram Transport, L&T Finance, Indiabulls Housing Finance, Piramal Capital & Housing Finance, Cholamandalam Investment and Finance Co., Shanghvi Finance Pvt. Ltd, Muthoot Finance, PNB Housing Finance, Tata Capital Financial Services, Aditya Birla Finance and HDB Financial Services were the other companies in the NBFC-UL list.
In view of the applicable regulatory framework, Bajaj Housing Finance is required to be mandatorily listed on or before September 30, 2025.
In August last year, the company, however, asked for more time from the central bank to list on the local stock market, arguing that the October 2025 deadline is too soon for a housing finance company (HFC) that is just five-and-a-half years old, according to an Economic Times report.
