Bajaj housing finance ipo is the major highlight of the last few days. Today it opens for purchase. So let’s talk about the top reasons for buying Bajaj housing finance ipo;
Top reasons for buying Bajaj housing finance ipo
Here are the top reasons for buying Bajaj housing finance;
Great support and promoter staff
Bajaj finance Ltd is the promoter of Bajaj housing finance. Bajaj finance Ltd is the largest nbfc in india.The “Bajaj” group of companies specializes in retail. It has become well-known to Indian customers through:
- Bajaj Auto Limited’s two and three-wheelers.
- Bajaj Finance Limited’s financing products Bajaj Allianz Life.
- Insurance Company Limited’s and Bajaj Allianz General Insurance Company Limited’s insurance products.
- Bajaj Finserv Asset Management Limited’s mutual fund products.
- Bajaj Financial Securities Limited’s broking services
The company’s business has grown and gained notoriety as a result of the “Bajaj” brand’s evolution into a well-known retail brand. Its solid credit ratings further demonstrate its market position by highlighting its stability and investor confidence.
Second largest housing finance company in india
Throughout its seven years of operation, Bajaj Housing has shown a steady development trajectory, despite difficult circumstances including the COVID-19 pandemic, the NBFC crisis, and the decline of significant industry competitors. It has expanded to become India’s eighth-largest NBFC-UL and second-largest HFC (in terms of AUM) as of March 31, 2024. Since the company started operating in the fiscal year 2018, it has accomplished all of this in a brief amount of time. As of June 30, 2024, its AUM was ₹ 97071.33 crore. It has risen at a compound annual growth rate (CAGR) of 30.9% from fiscal 2022 to fiscal 2024.
Strong presence in indian market
With the following essential elements, Bajaj Housing Finance Ltd. has a strategic presence throughout mortgage-centric markets: branches, central hubs, and active channel partners.
The company’s assets as of June 30, 2024, were:
- A 215 branch distribution network
- Six retail underwriting centralized processing hubs
- Seven centralized processing hubs for loan processing
- 1,780 active channel partners In order to maximize reach.
It has also implemented an omnichannel sourcing approach. It integrates a physical presence with digital onboarding features. It can accommodate a variety of consumer preferences. Bajaj finance expedite the loan application process by using this tactic.
Good risk management services
The credit evaluation framework and underwriting procedures of Bajaj Housing Finance Ltd. are clearly defined. It ensures that risk performance in all products stays well below the established criteria. Faster and more accurate loan evaluations are guaranteed for the retail loan portfolio thanks to the centralized underwriting procedure, straight-through processing for salaried clients, and approved project finance (APF) projects. In order to keep an eye on cases that exhibit indications of delinquency, the company’s risk team monitors early warning signals in accounts that have bounced track records and those that are past due by even a single day. It periodically examines portfolios using credit databases and credit bureau checks.
Diversification
Higher priority is given to longer-term floating-rate borrowings by Bajaj Housing Finance Ltd. In order to do this, it is actively adjusting its borrowings in order to boost the percentage of money market borrowings. The company has agreements with 23 banks as of June 30, 2024, which guarantees a diverse borrowing portfolio and dependable access to a range of funding sources. It has switched from depending solely on bank loans to a more varied portfolio that consists of bank loans, commercial papers, non-convertible debentures, and NHB refinancing. This is an example of its diversified borrowing strategy.
FAQs
What is the price band of Bajaj
Housing Finance IPO?
Ans. The price band of Bajaj housing finance is 66-70 rupees only for 214 shares.
Is it worth buying Bajaj Housing
Finance IPO?
Ans: Yes, bajaj housing finance is a wholly subsidiary of Bajaj finance Ltd. It is the largest nbfc in India with diverse range of services and experienced staff.
What is Bajaj Housing Finance IPO listing date and price?
Ans: Bajaj housing finance ipo listing date is today and price is 14,980₹.
