At the upper end of this price band, Bajaj Housing is valued at a price-to-book ratio of 3.2 times on a post-money basis
As of Aug. 28, about 200 companies have raised $7.11 billion through IPOs this year, more than double in the same period last year, according to LSEG data
Bajaj Finance's housing finance arm Bajaj Housing Finance filed its Red Herring Prospectus (RHP) for an up to Rs 7,000-crore IPO
Sebi has also issued the observation letter or approval to IPOs of four other companies, including Rekha Rakesh Jhunjhunwala-backed Baazar Style Retail
The funds raised from Bajaj Housing Finance's fresh issue will be used to augment its capital base to meet future business requirements
Shares of Bajaj Finance gained 4.1 per cent at Rs 7,201 per share on the BSE in Friday's intraday trade
The IPO would include a sale of shares by existing shareholders
The IPO would be subject to market conditions, approvals and regulatory clearances, the company added.
Bajaj Housing Finance is a 100 per cent subsidiary of Bajaj Finance
As per reports, the company is planning an IPO of its housing finance arm, Bajaj Housing Finance (BHFL) at a valuation of Rs 80,000-85,000 crore.
The action stands in violation of certain provisions of the 'Non-Banking Financial Company - Housing Finance Company (Reserve Bank) Directions, 2021' issued by the RBI
In terms of the framework, once an NBFC is classified as NBFC-UL, it shall be subject to enhanced regulatory requirement, at least for a period of five years
Punjab & Sind Bank will raise funds through the sale of certificates of deposit maturing in three months
The company booked 6.76 million loans in Q2FY23, up 7 per cent YoY compared to 6.33 million loans booked in the year-ago period
Mortgage lenders Bajaj Housing Finance and LIC Housing Finance on Monday announced a 0.50 per cent hike each in their lending rates. The revisions come amid a rising interest rates scenario, which has seen the RBI hiking its key lending rate by 1.40 per cent since May to tame inflation. Bajaj Housing Finance hiked its rate by 0.50 per cent, and the lowest priced product for the salaried and professional applicants will be 7.70 per cent now, as per an official statement. Despite the latest hike, the company claimed to be offering loans at competitive rates compared to most of its peers. LIC Housing Finance has increased its prime lending rate (LHPLR) by 0.50 per cent and the new interest rates on home loans will now start from 8 per cent as against 7.50 per cent previously. The company's chief executive and managing director Y Viswanatha Gowd said the RBI's decision to hike the repo rate by 0.50 per cent has caused "minimum fluctuation" in monthly instalments or tenure of home loan
Dividend Rs 20 per share for FY22
Its overall borrowings stood at Rs 39,128 core, and the mix was 62:38 between banks and markets in September 2021
After the process, the effective date for listing of commercial papers (CPs) with the exchange will be January 1, 2020, it added.
Total Income grew by 40 per cent year-on-year, though profitability of life and general insurances business dragged the overall show
Growing income levels in India are giving rise to multiple investment options to individuals looking to park some of their disposable income across different asset classes.Apart from investing in the stock markets, gold and mutual funds; real estate seems to be the most preferred asset class in India. An average Indian household invests about 77 percent of their total assets in different forms of real estate like - residential properties, weekend homes, open plots, etc.However, investments also need to be planned to consider one's tax planning exercise, regular income generation, and future security. Taking all this into consideration, one of the most viable investment options comes in the form of purchasing a second home. While the value of the second home will appreciate over time, it can also generate money in the form of rentals, which not only takes care of the maintenance costs but also adds to one's savings. On top of this, buying a second home can also help you get a home loan