Bajaj Housing Finance sanctions IPO to raise 
4,000 crore Fund
As per the official announcement from the company, an initial public offering (IPO) with a fresh issue of shares to raise up to 
4,000 crore had been approved by the board of Bajaj Housing Finance.
4,000 crore had been approved by the board of Bajaj Housing Finance.
The Initial public offering would incorporate a sale of offers by existing investors. Bajaj Finance Housing is wholly-owned by Bajaj Finance.
51.34 percent of Bajaj Finance is owned by Bajaj Finance. According to the scale-based regulation guidelines of the Reserve Bank of India (RBI), the mortgage financier, which manages assets worth 91,370 crore as of March 31, 2024, is an upper-layer non-banking financial company (NBFC).
91,370 crore as of March 31, 2024, is an upper-layer non-banking financial company (NBFC).
In September 2022, RBI delivered a rundown of 15 NBFCs that are in the upper layer as their credit book was above 50,000 crore.
50,000 crore.
RBI standards ordered the organization to list its portions on the trades by September 2025. The housing finance company reported a 38 percent increase in year-over-year profits to 1,731 crore in 2023-2024. As of March 31, 2024, the capital adequacy ratio, which includes Tier II capital, was 21.28 percent.
1,731 crore in 2023-2024. As of March 31, 2024, the capital adequacy ratio, which includes Tier II capital, was 21.28 percent.
For salaried and self-employed customers, the home loan company provides a comprehensive selection of financial products including home loans, loans secured by property, and lease rental discounts.
Developers can also get construction and inventory financing from it. As of March 31, 2024, home loans make up 57.8 percent of the total assets managed, down from 61 percent a year earlier. The home loans have an average ticket size of 46 lakh for salaried customers.
46 lakh for salaried customers.
It serves salaried customers for 88 percent of its customers. As of March 31, 2024, it is present in 174 locations. In the credit against property section, it offers loans to mass well-to-do and independently employed clients for a typical ticket size of 57 lakhs
57 lakhs
