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What’s going on here?
Bajaj Housing Finance is eyeing a whopping $6.94 billion valuation through its upcoming initial public offering (IPO) set to launch on September 9.
What does this mean?
This IPO aims to raise $782 million via a price band of 66-70 rupees per share. Running from September 9 to 11, it marks one of India’s biggest IPOs this year, right behind Ola Electric Mobility and Bharti Hexacom. Bajaj Housing Finance plans to issue new shares worth up to 35.60 billion rupees to bolster its capital base while Bajaj Finance will sell shares worth up to 30 billion rupees. As of August 28, over 200 companies have cumulatively raised $7.11 billion through IPOs this year, more than double last year’s figure for the same period.
Why should I care?
For markets: India’s IPO wave continues.
India’s IPO market is red-hot, and Bajaj Housing Finance’s massive $6.94 billion valuation is set to keep the momentum going. With a successful IPO, it would join the ranks of Ola Electric Mobility and Bharti Hexacom. This influx of IPOs, raising a total of $7.11 billion so far this year, signals a robust investor appetite and continuing confidence in the Indian market.
The bigger picture: Regulatory nudges and robust growth.
The Reserve Bank of India compelled non-bank lenders with over 500 billion rupees in assets to list by September 2025, a regulation that helped set Bajaj Housing Finance on this IPO path. Reporting a profit after tax of 17.31 billion rupees in the fiscal year ending March 2024, up 38% year-on-year, and a 34% rise in total revenues, Bajaj’s strong financials underpin this listing, showcasing the health and growth potential of India’s housing finance industry.