Bajaj Finance IPO: What You Need to Know

Bajaj Finance IPO Launch Date and Price Band

Bajaj Finance, one of India's leading non-banking financial companies (NBFCs), is all set to launch its initial public offering (IPO) on February 6, 2023. The company plans to raise up to Rs 2,500 crore through the IPO, and the price band has been set at Rs 4,500 to Rs 4,650 per share.

What is Bajaj Finance?

Bajaj Finance is a diversified NBFC providing a wide range of financial products and services, including consumer loans, two-wheeler loans, home loans, and small business loans. The company has a strong track record of growth and profitability, with a loan book of over Rs 1.8 lakh crore as of September 2022.

Why is Bajaj Finance Going for an IPO?

The proceeds from the IPO will be used to fund the company's growth plans, including expanding its branch network, launching new products and services, and strengthening its technology platform. The IPO will also provide the company with access to public markets, which will enhance its credibility and visibility.

Who is Eligible to Invest in the Bajaj Finance IPO?

The Bajaj Finance IPO is open to retail investors, institutional investors, and non-resident Indians (NRIs). Retail investors can apply for a minimum of 10 shares and in multiples of 10 shares thereafter, with a maximum application size of Rs 2 lakh per person.

How to Apply for the Bajaj Finance IPO?

Investors can apply for the Bajaj Finance IPO through their online trading accounts or through authorized brokers. The application process will open on February 6, 2023, and close on February 8, 2023.

Key Financials of Bajaj Finance

As of September 2022, Bajaj Finance had a loan book of over Rs 1.8 lakh crore, a net profit of over Rs 4,000 crore, and a customer base of over 58 million. The company's return on equity (ROE) stood at 22.5%, and its net interest margin (NIM) was at 14.3%.

Conclusion

The Bajaj Finance IPO is a major event for the Indian capital markets. The company is a strong and profitable NBFC with a solid track record of growth. The IPO is expected to be well-received by investors, and it could provide investors with an opportunity to participate in the growth of one of India's leading financial services companies.