Upcoming IPO: Bajaj Housing Finance files draft papers for SEBI approval 🚀
Exciting news in the world of finance as Bajaj Housing Finance, a subsidiary of Bajaj Finance, has submitted draft papers to SEBI for their upcoming IPO!
The company aims to raise a whopping ₹7,000 crores through the public issue. The red herring prospectus has already been filed electronically with SEBI, keeping stakeholders informed about the matter.
Bajaj Housing Finance’s board approved the listing plan on June 6, with the IPO including issuing up to ₹4,000 crores worth of new equity shares and offering for sale of equity shares.
It’s worth noting that the Reserve Bank of India may also have a hand in Bajaj Housing Finance’s IPO, as the company has been categorized as an ‘upper layer NBFC’ by the RBI.
The deadline for listing Bajaj Housing Finance is set for September 2025, with other NBFCs like Tata Sons, HDFC Financial Services, Tata Capital Financial Services, Aditya Birla Finance, and Sanghvi Finance already listed on the stock exchange.
Stay tuned for more updates on this exciting development in the financial world! 📈💰
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