Bajaj Finance gains 4% as board approves to sell Rs 3,000 crore shares in Bajaj Housing IPO

So far this year, the stock of this NBFC major has declined over 5 percent, underperforming 4 percent rise in the benchmark Nifty 50 index

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26 Aug, 2025 12:21

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Shares of Bajaj Finance gained 4 percent to Rs 7,199 per share on June 7 after the board approved sale of Rs 3,000 crore shares in Bajaj Housing intial public offering (IPO).

"The board approved offer for sale of up to such number of equity shares of face value Rs 10 each of wholly-owned subsidiary, Bajaj Housing Finance aggregating to Rs 3,000 crore," Bajaj Finance said in an exchange filing.

Earlier, the board had also approved IPO plan of Bajaj Housing Finance, which will raise around Rs 4,000 crore via fresh issue and offer-for-sale component separately.

So far this year, the stock of this NBFC major has declined over 5 percent, underperforming 4 percent rise in the benchmark Nifty 50 index. Earlier, Bajaj Finance had hit 52-week high of Rs 8,190 per share on October 6, 2023 and 52-week low of Rs 6,190 per share on March 6, 2024.

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The public issue of Bajaj Housing Finance will include a sale of shares by existing shareholders, said Bajaj Finance in an exchange filing. "The board approved IPO of equity shares of Rs 10 each of the company," they added.

The IPO will be subject to market conditions, approvals, and regulatory clearances. In 2022, the Reserve Bank of India had published a list of upper-layer NBFCs, which are entities managing assets worth Rs 50,000 crore or more. Included in this list, Bajaj Housing Finance must be listed on stock exchanges by September 2025.

In the January-March quarter (Q4FY24), Bajaj Finance reported a 21.1 percent year-on-year increase in net profit, amounting to Rs 3,824 crore. Similarly, the net interest income (NII) rose by 21.1 percent, reaching Rs 3,824.53 crore, up from Rs 3,157.8 crore in the corresponding quarter of FY23.

ALSO READ: Bajaj Finance arm Bajaj HF approves IPO; fresh issue of up to Rs 4,000-cr plus OFS

Analysts at InCred Equities shared an 'add' rating on Bajaj Finance with a target price of Rs 9,000 per share, implying an upside of 30 percent from current levels.

"The aggressive customer acquisition and flawless diversity into new business segments are the unique features of the company. We remain confident of healthy profitability (aided by operating leverage) and best-in-class return ratios for Bajaj Finance," the brokerage firm said.

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