Ahmedabad: The Bid/Offer Period in respect of the initial public offering of Equity Shares of Bajaj Housing Finance Limited, 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 company said today.

As per the official press release of the company, “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 release stated.

The company also states, “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. The Offer for Sale of Equity Shares comprises such number of Equity Shares aggregating up to ₹ 3,000 crore by Bajaj Finance Limited (the “Promoter Selling Shareholder”). ”

The official statement said, “This Equity Shares are being offered through the red herring prospectus of the Company dated August 30, 2024, read with the addendum to the red herring prospectus dated September 2, 2024 filed with the Registrar of Companies, Maharashtra at Pune, and subsequently with the SEBI and the Stock Exchanges.”

The Equity Shares to be offered through the Red Herring Prospectus are proposed to be listed on BSE Limited and National Stock Exchange of India Limited. For the purposes of the Offer, NSE is the Designated Stock Exchange.

Kotak Mahindra Capital Company Limited, BofA Securities India Limited, Axis Capital Limited, Goldman Sachs (India) Securities Private Limited, SBI Capital Markets Limited, JM Financial Limited and IIFL Securities Limited are the Book Running Lead Managers to the Offer (“BRLMs”).