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News on Medial
ADIA, BlackRock bet on Bajaj Housing Finance as IPO opens
VCCircle
·
10m ago
Medial
Bajaj Housing Finance's IPO has opened for public subscription, with the company already raising $209 million from major institutional investors. The IPO, valued at $782 million, is expected to attract strong interest due to the booming demand for home loans in India. Bajaj Housing Finance is set to benefit from the rising home prices, particularly for luxury properties. The IPO has seen interest from large investors such as the government of Singapore, BlackRock, and Abu Dhabi Investment Authority.
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Bajaj Housing Finance IPO draws bids worth $39 bn
VCCircle
·
10m ago
Medial
Bajaj Housing Finance recently had a highly successful IPO, with bids worth around $38.60 billion, or 64 times the shares on offer. This made it the most sought-after major public listing of the year in the Indian IPO market. The strong interest in the IPO is attributed to the lender's prospects in the booming home loan market and the reputation of the Bajaj group. Bajaj Housing Finance is set to become India's largest listed home loan financier after its $782 million IPO.
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Bajaj Housing Finance files papers for Rs 7,000-cr IPO
YourStory
·
1y ago
Medial
Bajaj Housing Finance intends to raise Rs 7,000 crore through an initial public offering (IPO). The IPO includes a fresh issue of equity shares worth Rs 4,000 crore and a sale of equity shares worth Rs 3,000 crore by its parent company, Bajaj Finance. This move is in compliance with the Reserve Bank of India's regulations, which require non-banking finance companies to be listed on stock exchanges by September 2025. The funds raised will be used to strengthen Bajaj Housing Finance's capital base. The company offers various mortgage products, such as home loans and loans against property.
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Hyundai, Swiggy, NTPC Green-India's biggest IPOs of 2024
Money Control
·
9m ago
Medial
1. Hyundai Motor India's $3 billion IPO opens for subscription next week with the aim of achieving a valuation of around $19 billion. 2. Swiggy, backed by SoftBank, is planning an IPO worth $1.25 billion. 3. NTPC's green energy arm has filed for a $1.2 billion IPO. 4. Bajaj Housing Finance's shares have more than doubled after a successful $782 million IPO. 5. Ola Electric's $734 million IPO in August garnered interest from investors like Fidelity and Nomura. 6. Schloss Bangalore, backed by Brookfield, has filed for a $599 million IPO. 7. Bharti Hexacom's $511 million IPO in April received bids exceeding $8 billion. 8. Aadhar Housing Finance raised $358 million through its IPO in May.
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Bajaj Housing Finance Rs 6,560-cr IPO to open on Sep 9
YourStory
·
10m ago
Medial
Bajaj Housing Finance is preparing for its IPO, which is expected to raise Rs 6,560 crore. The IPO will commence on September 9 and end on September 11, with bidding for anchor investors starting on September 6. The company plans to issue fresh equity shares worth Rs 3,560 crore and offer for sale equity shares worth Rs 3,000 crore. The funds raised will be used to meet future capital requirements and comply with RBI regulations. Bajaj Housing Finance provides financial solutions for property purchase and renovation. The company's net profit grew by 38% in FY2023-24.
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Bajaj Housing & Jio Financial: Kranthi Bathini of WealthMills shares views on these 2 stocks
Business Today
·
5m ago
Medial
Kranthi Bathini of WealthMills offers investment insights on Bajaj Housing Finance Ltd and Jio Financial Services Ltd (JFSL). He suggests that JFSL stocks are suited for long-term investors without expecting short-term gains. Bajaj Housing Finance's Q3 FY25 results are promising, making its stock attractive at current valuations. Bathini recommends buying Bajaj Housing Finance shares for those with a medium- to long-term investment strategy.
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Bajaj Housing Finance is bankable, but not a bank
Livemint
·
1y ago
Medial
Bajaj Housing Finance, India's second-largest housing finance company, has filed a draft offer document to go public, aiming to raise about ₹7,000 crore. Of this, ₹3,000 crore worth of shares will be sold by its parent company, Bajaj Finance, while the remaining ₹4,000 crore will come from new shares to expand its housing-finance business. However, the company faces challenges from bank competition and the structural disadvantage of higher funding costs. Despite being a strong performer with low non-performing assets, Bajaj Housing's market share in the prime segment has declined steadily due to the lower cost of funds for public-sector banks.
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Life insurers are winning in business growth, but volatile profits weigh on valuation
Money Control
·
10m ago
Medial
In the Moneycontrol Pro Panorama September 17 edition, topics discussed include the rise in margin trading, potential obstacles faced by road construction firms, and the impact of Bajaj Housing Finance's successful debut on other companies in the housing finance sector.
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MobiKwik shares skid 6% as investors book profits after 117% returns in 2 sessions
Economic Times
·
6m ago
Medial
Recently, One MobiKwik Systems shares fell by 5.7% following their listing on the BSE. The decline came after a rally of 37% in the previous two days. MobiKwik's IPO was oversubscribed by 119 times due to optimism around its profitability and the digital payments sector. The company plans to use the funds to scale financial and payment services, advance AI and machine learning, and enhance payment device infrastructure. MobiKwik operates a dual-sided payments platform with millions of registered users and merchants. Bajaj Finance, ADIA, and American Express are among the company's stakeholders.
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Aadhar Housing Finance IPO: Should you subscribe to Rs 3,000 crore issue?
Money Control
·
1y ago
Medial
Aadhar Housing Finance, a Bengaluru-based housing finance company, has reported a 22.5% increase in net profit for the year ended March 2023. The company's IPO is set to open on May 8 and has received a 'subscribe' rating from several brokerages due to expected improvements in operational performance. The IPO comprises a fresh issue of shares worth ₹1,000 crore and an offer-for-sale of shares worth ₹2,000 crore by promoter BCP Topco VII Pte. Aadhar Housing Finance focuses on lending to the low-income housing segment and has recorded healthy financial performance in recent years.
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PE firm TA Associates lines up a unicorn housing finance bet
Livemint
·
1y ago
Medial
Private equity firm TA Associates is expected to acquire a significant stake in Vastu Housing Finance, a company backed by Multiples PE. The deal is estimated to be around $400 million, with Vastu Housing Finance being valued at over $1.4 billion. Existing investors, including Norwest Venture Partners and Creation Investments India, are also increasing their stake in the company. This investment round will consist of both secondary and primary fundraising. Vastu Housing Finance has seen strong financial performance, reporting net sales of ₹768.5 crore and a net profit of ₹285 crore in 2022-23.
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