Bajaj Housing Finance Raises Rs 1,758 Crore from Anchor Investors Before IPO

Bajaj Housing Finance has garnered Rs 1,758 crore from anchor investors ahead of its initial public offering (IPO). The IPO, set at a price range of Rs 66 to Rs 70 per share, aims to meet RBI regulations and bolster the company's capital base. It will be open for public subscription from September 9 to 11.

Bajaj Housing Finance announced on Friday that it has successfully collected Rs 1,758 crore from anchor investors ahead of its initial public offering (IPO), which is slated to open for public subscription early next week.

Among the heavyweight anchor investors are Government of Singapore, Abu Dhabi Investment Authority, and Fidelity, along with financial giants like Morgan Stanley and Goldman Sachs. The funds have been allotted 25.11 crore equity shares at an upper price band of Rs 70 each, according to a circular on the BSE website.

This much-anticipated Rs 6,560-crore IPO will open for public on September 9, concluding on September 11. Bajaj Housing Finance plans to use the proceeds to meet RBI's mandate for upper layer non-banking financial companies to be publicly listed by September 2025 and to strengthen its capital base for future needs.

(With inputs from agencies.)