Bajaj Housing Finance Limited announced that it has fully utilized the ₹3,560 crore raised through its Initial Public Offer (IPO) as of June 30, 2025. According to a monitoring agency report by CARE Ratings Limited, the funds were primarily used to augment the company's capital base for future business requirements and to cover share issue expenses.
| Item Head | Original Cost (as per Offer Document) | Revised Cost | Amount Utilised | Comments |
|---|---|---|---|---|
| Augmenting capital base for future business requirements | 3,499.55 | NA | 3,510.35 | Includes ₹10.8 crore interest received on fixed deposit |
| Share Issue Expenses | 60.45 | NA | 60.45 | Fully Utilised |
| General corporate purposes (GCP) | NA | NA | NA | Not Applicable |
| Total | 3,560.00 | 3,560.00 |
Financial Performance
The monitoring agency report, dated July 24, 2025, indicated that there were no deviations from the objects stated in the offer document. The net proceeds have been utilized in accordance with the objects of the issue, with 100% of the funds allocated.
Operational Highlights
The report from CARE Ratings Limited also confirmed that all necessary government and statutory approvals related to the objects have been obtained. Additionally, all arrangements pertaining to technical assistance and collaboration are in operation.
Monitoring Agency Comments
CARE Ratings Limited stated that the company has utilized the gross proceeds as per the offer document. The report declared that it provides an objective view of the utilization of the issue proceeds based on the information provided by Bajaj Housing Finance and information obtained from sources believed to be accurate and reliable.
Board of Directors' Comments
The Board of Directors noted that there were no deviations, and the net proceeds were utilized for the purposes stated in the prospectus.
Additional Information
- Issuer Name: Bajaj Housing Finance Limited
- Promoters: Bajaj Finance Limited and Bajaj Finserv Limited
- Industry/Sector: Housing Finance Company
- Issue Period: September 09, 2024 to September 11, 2024
- Type of Issue: Initial Public Offer (IPO)
- Issue Size: ₹6,560 crore (Fresh issue aggregating to ₹3,560 crore and ₹3,000 crore for Offer for sale)
