Bajaj Housing Finance IPO - An HFC To Own: Yes Securities

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Residential buildings. (Source: Anton Maksimov/Unsplash)

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Yes Securities Report

Bajaj Housing Finance Ltd. is coming with an initial public offering of Rs 65.6 billion which includes an offer for sale of Rs 30 billion by Bajaj Finance Ltd.

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As per market sources, the company could be valued/priced near Rs 600 billion on post-money basis in the IPO. Significant value could get added over next 12-15 months as 25-30% assets under management/earnings growth and 14-15% return on equity is likely in next couple of years.

Key strengths of Bajaj Housing Finance are growth execution, risk management and operating efficiencies.

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