Earlier this month, Bajaj Housing Finance filed a draft offer document with the capital market regulator to offer shares worth about ₹7,000 crore to the public for the first time. Of this, ₹3,000 crore of shares are being sold by parent Bajaj Finance. The remaining ₹4,000 crore will come in from new shares, which will help it expand its housing-finance business. While Bajaj Housing is an efficient and profitable player in home loans, it faces structural issues, the most important being competition from banks, which have a natural advantage.
Bajaj Housing is India’s second-largest housing finance company (HFC) as of 2023-24 with assets of ₹91,370 crore. LIC Housing Finance is the leader, with ₹2.87 trillion in assets. HDFC previously held the top stop before it merged with HDFC Bank in July 2023.
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