Bajaj Housing Fin.
New to Zerodha? Sign-up for free.
New to Zerodha? Sign-up for free.
Get instant stock alerts
- Share Price
- Financials
- Revenue mix
- Shareholdings
- Peers
- Forensics
Share Price
Coming soon
- 5D
- 1M
- 6M
- YTD
- 1Y
- 5Y
- MAX
Financials
-
Summary
-
Profit & Loss
-
Balance sheet
-
Cashflow
This data is currently unavailable for this company.
| (In Cr.) |
|---|
| (In Cr.) | ||||
|---|---|---|---|---|
|
This data is currently unavailable for this company. |
| (In %) |
|---|
| (In Cr.) |
|---|
| Financial Year (In Cr.) |
|---|
Revenue mix
-
Product wise
-
Location wise
Revenue Mix
This data is currently unavailable for this company.
Revenue Mix
This data is currently unavailable for this company.
Forensics
Recent events
-
News
-
Corporate Actions
MUMBAI, Aug 19 (Reuters) - India's Bajaj Housing Finance BAJO.NS accepted bids worth 7.5 billion rupees ($78.32 million)for the sale of bonds maturing in five years, three bankers said on Wednesday.
It will pay a coupon of 7.79% and had invited commitment bids for the issue earlier in the
day, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on August 19:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 5 years | 7.79 | 7.5 | August 19 | AAA (Crisil, India Ratings) |
Tata Capital Housing Finance | 5 years | 7.83 | 10 | August 19 | AAA (Crisil, Icra) |
Cholamandalam Investment and Finance Company 8.64% July 2029 reissue | 2 years and 10 months | To be decided | 3.5+6.5 | August 20 | AA+(Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 95.7575 Indian rupees)
(Reporting by Khushi Malhotra; Editing by Nivedita Bhattacharjee)
MUMBAI, Aug 19 (Reuters) - India's Bajaj Housing Finance BAJO.NS accepted bids worth 7.5 billion rupees ($78.32 million)for the sale of bonds maturing in five years, three bankers said on Wednesday.
It will pay a coupon of 7.79% and had invited commitment bids for the issue earlier in the
day, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on August 19:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 5 years | 7.79 | 7.5 | August 19 | AAA (Crisil, India Ratings) |
Tata Capital Housing Finance | 5 years | 7.83 | 10 | August 19 | AAA (Crisil, Icra) |
Cholamandalam Investment and Finance Company 8.64% July 2029 reissue | 2 years and 10 months | To be decided | 3.5+6.5 | August 20 | AA+(Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 95.7575 Indian rupees)
(Reporting by Khushi Malhotra; Editing by Nivedita Bhattacharjee)
MUMBAI, Aug 7 (Reuters) - India's Bajaj Housing Finance BAJO.NS accepts bids worth 7.50 billion rupees ($78.7 million) for the reissue of 7.53% September 2029 bonds, three bankers said on Friday.
The company will offer a yield of 7.63% and had invited bids for the issue earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on August 7:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing | 3 year and 2 months | 7.63 (yield) | 7.50 | August 7 | AAA (Crisil) |
Bajaj Finance | 3 year and 3 months | 7.78 | 11.15 | August 7 | AAA (Crisil) |
REC | 3 year and 20 days | 7.28 | 30 | August 7 | AAA (Crisil, India Ratings) |
REC | 15 year and 20 days | 7.49 | 33.46 | August 7 | AAA (Crisil, India Ratings) |
SK Finance | 3 years | 9.10 | 5 | August 11 | AA- (India Ratings) |
Lloyds Metals | 10 years | 9.02 | 7 | August 6 | AA (Crisil, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 95.2725 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, Aug 7 (Reuters) - India's Bajaj Housing Finance BAJO.NS accepts bids worth 7.50 billion rupees ($78.7 million) for the reissue of 7.53% September 2029 bonds, three bankers said on Friday.
The company will offer a yield of 7.63% and had invited bids for the issue earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on August 7:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing | 3 year and 2 months | 7.63 (yield) | 7.50 | August 7 | AAA (Crisil) |
Bajaj Finance | 3 year and 3 months | 7.78 | 11.15 | August 7 | AAA (Crisil) |
REC | 3 year and 20 days | 7.28 | 30 | August 7 | AAA (Crisil, India Ratings) |
REC | 15 year and 20 days | 7.49 | 33.46 | August 7 | AAA (Crisil, India Ratings) |
SK Finance | 3 years | 9.10 | 5 | August 11 | AA- (India Ratings) |
Lloyds Metals | 10 years | 9.02 | 7 | August 6 | AA (Crisil, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 95.2725 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, Aug 6 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise up to 20 billion rupees ($210.14 million), including a greenshoe option of 15 billion rupees, through the reissue of 7.53% September 2029 bonds, three bankers said on Thursday.
It has invited coupon and commitment bids for the issue on Friday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on August 6:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance September 2029 Reissue | 3 years and 1 month | To be decided | 5+15 | August 7 | AAA (Crisil) |
TVS Motor Company | 3 years and 3 months | 7.28 | 10 | August 7 | AAA(Care) |
Bajaj Finance | 3 years and 3 months | To be decided | 5+15 | August 7 | AAA(Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 95.1750 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)
MUMBAI, Aug 6 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise up to 20 billion rupees ($210.14 million), including a greenshoe option of 15 billion rupees, through the reissue of 7.53% September 2029 bonds, three bankers said on Thursday.
It has invited coupon and commitment bids for the issue on Friday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on August 6:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance September 2029 Reissue | 3 years and 1 month | To be decided | 5+15 | August 7 | AAA (Crisil) |
TVS Motor Company | 3 years and 3 months | 7.28 | 10 | August 7 | AAA(Care) |
Bajaj Finance | 3 years and 3 months | To be decided | 5+15 | August 7 | AAA(Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 95.1750 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)
MUMBAI, Aug 3 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 18.85 billion rupees ($197.87 million) for bonds maturing in 10 years, three bankers said on Monday.
The housing finance company will pay an annual coupon of 7.87% on this issue and had invited bids earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on August 3:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing | 10 years | 7.87 | 18.85 | August 3 | AAA (Crisil, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 95.2650 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)
MUMBAI, Aug 3 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 18.85 billion rupees ($197.87 million) for bonds maturing in 10 years, three bankers said on Monday.
The housing finance company will pay an annual coupon of 7.87% on this issue and had invited bids earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on August 3:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing | 10 years | 7.87 | 18.85 | August 3 | AAA (Crisil, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 95.2650 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)
MUMBAI, July 31 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise up to 20 billion rupees ($209 million), including a greenshoe option of 15 billion rupees, through the sale of bonds maturing in 10 years, three bankers said on Friday.
It has invited coupon and commitment bids for the issue on Monday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on July 31:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 10 | To be decided | 5+15 | July 31 | AAA(Crisil, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 95.6800 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, July 31 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise up to 20 billion rupees ($209 million), including a greenshoe option of 15 billion rupees, through the sale of bonds maturing in 10 years, three bankers said on Friday.
It has invited coupon and commitment bids for the issue on Monday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on July 31:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 10 | To be decided | 5+15 | July 31 | AAA(Crisil, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 95.6800 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
Adds segment's AUM in bullet 4, margins in bullet 8
July 29 (Reuters) - India's Bajaj Housing Finance BAJO.NS on Wednesday reported a 23% rise in its first-quarter profit, helped by higher loan growth.
Bajaj Housing, the largest housing finance firm by market capitalisation in the country, reported a profit of 7.15 billion rupees ($74.75 million) for the quarter ended June 30, up from 5.83 billion rupees a year earlier.
The company, which posted an assets under management (AUM) growth of 24% year-on-year and a rise in disbursements of 33%, benefitted from the strong credit demand in the country.
Bajaj Housing has also been expanding its reach into near-prime and affordable home loan segments to diversify its loan portfolio and increase penetration nationwide, aiding its growth.
AUM of its largest home loan segment rose 20%, while the lease rental discounting segment, which finances commercial properties against future rental income, grew the fastest, at 41%.
However, analysts expected the strong competition in the prime housing segment from large banks to impact margins for the home loan financier.
The company's portfolio yield — the weighted average return on the loan book — stood at 8.9% in the June quarter, down from 9.5% a year earlier.
Net interest income — the difference between interest earned on credit and paid on borrowing — rose 9% year-on-year to 9.68 billion rupees.
Net interest margin stood at 3.7%, down from 3.8% in the previous quarter and 3.9% a year earlier
Shares of the company ended 2.3% higher ahead of the results.
($1 = 95.6475 Indian rupees)
(Reporting by Nishit Navin; Editing by Shreya Biswas)
(([email protected];))
Adds segment's AUM in bullet 4, margins in bullet 8
July 29 (Reuters) - India's Bajaj Housing Finance BAJO.NS on Wednesday reported a 23% rise in its first-quarter profit, helped by higher loan growth.
Bajaj Housing, the largest housing finance firm by market capitalisation in the country, reported a profit of 7.15 billion rupees ($74.75 million) for the quarter ended June 30, up from 5.83 billion rupees a year earlier.
The company, which posted an assets under management (AUM) growth of 24% year-on-year and a rise in disbursements of 33%, benefitted from the strong credit demand in the country.
Bajaj Housing has also been expanding its reach into near-prime and affordable home loan segments to diversify its loan portfolio and increase penetration nationwide, aiding its growth.
AUM of its largest home loan segment rose 20%, while the lease rental discounting segment, which finances commercial properties against future rental income, grew the fastest, at 41%.
However, analysts expected the strong competition in the prime housing segment from large banks to impact margins for the home loan financier.
The company's portfolio yield — the weighted average return on the loan book — stood at 8.9% in the June quarter, down from 9.5% a year earlier.
Net interest income — the difference between interest earned on credit and paid on borrowing — rose 9% year-on-year to 9.68 billion rupees.
Net interest margin stood at 3.7%, down from 3.8% in the previous quarter and 3.9% a year earlier
Shares of the company ended 2.3% higher ahead of the results.
($1 = 95.6475 Indian rupees)
(Reporting by Nishit Navin; Editing by Shreya Biswas)
(([email protected];))
Corrects bids received from institutional buyers to $25 billion from $2.5 billion in paragraph 5
By Vivek Kumar M
July 16 (Reuters) - India's SBI Funds Management drew bids worth 3 trillion Indian rupees ($31.14 billion), making the asset manager's $1.03 billion initial public offering (IPO) the country's fourth-most-subscribed issue.
The subscription numbers include $278.5 million raised from anchor investors, including BlackRock and sovereign wealth funds from Singapore, Abu Dhabi, and Norway.
The IPO, which closed on Thursday, marked a strong comeback for India's primary market after a subdued first half of the year. India is expected to see a busy pipeline of public offerings in the second half of the year, with mega listings from Reliance Jio and National Stock Exchange expected before the end of 2026.
SBI Funds Management, a joint venture between the country's largest lender State Bank of India (SBI) SBI.NS and Europe's biggest asset manager Amundi AMUN.PA, is India's largest asset manager, overseeing funds worth 12.5 trillion rupees ($131 billion) as of March 2026.
The demand for SBI Funds Management's shares was led by institutional investors, who bid for $25 billion worth of shares, 140 times the number of shares on offer for them, exchange data showed.
The portion set aside for retail investors and SBI's shareholders was subscribed 3.6 times and 9.5 times, respectively.
The stock is expected to begin trading on July 21.
SBI Funds' IPO stands behind public offerings of Reliance Power RPOL.NS, LG Electronics India LGEL.NS, and Bajaj Housing Finance BAJO.NS, in terms of quantum of bids received, data from PRIME Database showed.
The asset manager is well placed to capitalise on its market leadership, strong distribution network and robust profitability, analysts at Aditya Birla Money said in a note dated July 14.
So far this year, India has seen IPOs worth nearly $4 billion, sharply below last year's $21.8 billion. However, the activity is expected to pick up in the second half of 2026, with 251 companies planning to raise 4.93 trillion rupees ($51.7 billion) in the pipeline, as per PRIME Database.
"Heavy bidding (for SBI Funds IPO) signals that investors are willing to commit fresh capital to quality franchises, which can help revive sentiment for the upcoming (IPO) pipeline," said Dhiraj Relli, managing director and chief executive officer at HDFC Securities.
($1 = 96.3450 Indian rupees)
(Reporting by Vivek Kumar M; Editing by Alexandra Hudson)
(([email protected];))
Corrects bids received from institutional buyers to $25 billion from $2.5 billion in paragraph 5
By Vivek Kumar M
July 16 (Reuters) - India's SBI Funds Management drew bids worth 3 trillion Indian rupees ($31.14 billion), making the asset manager's $1.03 billion initial public offering (IPO) the country's fourth-most-subscribed issue.
The subscription numbers include $278.5 million raised from anchor investors, including BlackRock and sovereign wealth funds from Singapore, Abu Dhabi, and Norway.
The IPO, which closed on Thursday, marked a strong comeback for India's primary market after a subdued first half of the year. India is expected to see a busy pipeline of public offerings in the second half of the year, with mega listings from Reliance Jio and National Stock Exchange expected before the end of 2026.
SBI Funds Management, a joint venture between the country's largest lender State Bank of India (SBI) SBI.NS and Europe's biggest asset manager Amundi AMUN.PA, is India's largest asset manager, overseeing funds worth 12.5 trillion rupees ($131 billion) as of March 2026.
The demand for SBI Funds Management's shares was led by institutional investors, who bid for $25 billion worth of shares, 140 times the number of shares on offer for them, exchange data showed.
The portion set aside for retail investors and SBI's shareholders was subscribed 3.6 times and 9.5 times, respectively.
The stock is expected to begin trading on July 21.
SBI Funds' IPO stands behind public offerings of Reliance Power RPOL.NS, LG Electronics India LGEL.NS, and Bajaj Housing Finance BAJO.NS, in terms of quantum of bids received, data from PRIME Database showed.
The asset manager is well placed to capitalise on its market leadership, strong distribution network and robust profitability, analysts at Aditya Birla Money said in a note dated July 14.
So far this year, India has seen IPOs worth nearly $4 billion, sharply below last year's $21.8 billion. However, the activity is expected to pick up in the second half of 2026, with 251 companies planning to raise 4.93 trillion rupees ($51.7 billion) in the pipeline, as per PRIME Database.
"Heavy bidding (for SBI Funds IPO) signals that investors are willing to commit fresh capital to quality franchises, which can help revive sentiment for the upcoming (IPO) pipeline," said Dhiraj Relli, managing director and chief executive officer at HDFC Securities.
($1 = 96.3450 Indian rupees)
(Reporting by Vivek Kumar M; Editing by Alexandra Hudson)
(([email protected];))
MUMBAI, July 6 (Reuters) - India's Bajaj Housing Finance BAJO.NS accepts bids worth 15 billion rupees ($157.17 million) for the sale of bonds maturing in three years and three months, three bankers said on Monday.
It will pay a coupon of 7.53%, and had invited commitment bids for the issue earlier in the day, they said.
Bajaj Housing did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on July 6:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 3 years and 3 months | 7.53 | 15 | July 6 | AAA (Crisil) |
L&T Finance Jun 2031 reissue | 5 years | 7.98 (yield) | 5 | July 6 | AAA (Crisil, Care) |
L&T Finance | 3 years and 3 months | 7.85 | 5 | July 6 | AAA (Crisil, Care) |
Tata Capital Jun 2027 reissue | 2 years and 11 months | 7.78 (yield) | 7.50+2.50 | July 6 | AAA (Crisil, Icra |
Tata Capital | 5 years | 7.88 | 17.50+10 | July 6 | AAA (Crisil, Icra |
*Size includes base plus greenshoe for some issues
($1 = 95.4400 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
MUMBAI, July 6 (Reuters) - India's Bajaj Housing Finance BAJO.NS accepts bids worth 15 billion rupees ($157.17 million) for the sale of bonds maturing in three years and three months, three bankers said on Monday.
It will pay a coupon of 7.53%, and had invited commitment bids for the issue earlier in the day, they said.
Bajaj Housing did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on July 6:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 3 years and 3 months | 7.53 | 15 | July 6 | AAA (Crisil) |
L&T Finance Jun 2031 reissue | 5 years | 7.98 (yield) | 5 | July 6 | AAA (Crisil, Care) |
L&T Finance | 3 years and 3 months | 7.85 | 5 | July 6 | AAA (Crisil, Care) |
Tata Capital Jun 2027 reissue | 2 years and 11 months | 7.78 (yield) | 7.50+2.50 | July 6 | AAA (Crisil, Icra |
Tata Capital | 5 years | 7.88 | 17.50+10 | July 6 | AAA (Crisil, Icra |
*Size includes base plus greenshoe for some issues
($1 = 95.4400 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
MUMBAI, July 3 (Reuters) - India's Bajaj Housing Finance plans to raise up to 15 billion rupees ($157.55 million), including a greenshoe option of 10 billion rupees, through the sale of bonds maturing in three years and three months, three bankers said on Friday.
It has invited coupon and commitment bids for the issue on Monday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on July 3:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 3 years and 3 months | To be decided | 5+10 | July 6 | AAA (Crisil) |
Jio Credit | 3 years | To be decided | 5+5 | July 6 | AAA (Crisil, Care) |
Bajaj Finance | 3 years and 3 months | 7.70 | 40 | July 3 | AAA (Crisil) |
Bajaj Finance | 10 years | 7.79 | 13.05 | July 3 | AAA (Crisil) |
NABARD | 3 years and 5 months | 7.16 | 80 | July 3 | AAA (Icra, Crisil) |
IIFCL | 4 years and 11 months | 7.25 | 18.48 | July 3 | AAA (Care, Icra) |
AB Capital Apr 2036 reissue | 9 years and 10 months | 8.2484 (yield) | 5.57 | July 3 | AAA (Crisil) |
NTPC Green Energy | 10 years | To be decided | 5+20 | July 7 | AAA (Crisil) |
Poonawalla Fincorp | 2 years and 4 months | 8.0568 | 5 | July 2 | AAA (Crisil) |
Sammaan Capital | 14 months | 8.03 | 8 | July 2 | AA+ (Crisil, Icra) |
Sammaan Capital | 20 months | 8.43 | 6 | July 2 | AA+ (Crisil, Icra) |
3 years and 1 month | 7.81 | 6 | July 2 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 95.2100 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
MUMBAI, July 3 (Reuters) - India's Bajaj Housing Finance plans to raise up to 15 billion rupees ($157.55 million), including a greenshoe option of 10 billion rupees, through the sale of bonds maturing in three years and three months, three bankers said on Friday.
It has invited coupon and commitment bids for the issue on Monday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on July 3:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 3 years and 3 months | To be decided | 5+10 | July 6 | AAA (Crisil) |
Jio Credit | 3 years | To be decided | 5+5 | July 6 | AAA (Crisil, Care) |
Bajaj Finance | 3 years and 3 months | 7.70 | 40 | July 3 | AAA (Crisil) |
Bajaj Finance | 10 years | 7.79 | 13.05 | July 3 | AAA (Crisil) |
NABARD | 3 years and 5 months | 7.16 | 80 | July 3 | AAA (Icra, Crisil) |
IIFCL | 4 years and 11 months | 7.25 | 18.48 | July 3 | AAA (Care, Icra) |
AB Capital Apr 2036 reissue | 9 years and 10 months | 8.2484 (yield) | 5.57 | July 3 | AAA (Crisil) |
NTPC Green Energy | 10 years | To be decided | 5+20 | July 7 | AAA (Crisil) |
Poonawalla Fincorp | 2 years and 4 months | 8.0568 | 5 | July 2 | AAA (Crisil) |
Sammaan Capital | 14 months | 8.03 | 8 | July 2 | AA+ (Crisil, Icra) |
Sammaan Capital | 20 months | 8.43 | 6 | July 2 | AA+ (Crisil, Icra) |
3 years and 1 month | 7.81 | 6 | July 2 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 95.2100 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
MUMBAI, July 1 (Reuters) - India's Bajaj Housing Finance BAJO.NS accepts bids worth 25 billion rupees ($263.63 million) in a sale of bonds maturing in four years, three bankers said on Wednesday.
It will pay a coupon of 7.64%, and had invited commitment bids for the issue on Tuesday, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on July 1:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 4 years | 7.64 | 25 | June 30 | AAA (Crisil) |
* Size includes base plus greenshoe for some issues
($1 = 94.8300 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
MUMBAI, July 1 (Reuters) - India's Bajaj Housing Finance BAJO.NS accepts bids worth 25 billion rupees ($263.63 million) in a sale of bonds maturing in four years, three bankers said on Wednesday.
It will pay a coupon of 7.64%, and had invited commitment bids for the issue on Tuesday, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on July 1:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 4 years | 7.64 | 25 | June 30 | AAA (Crisil) |
* Size includes base plus greenshoe for some issues
($1 = 94.8300 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
MUMBAI, June 29 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise up to 25 billion rupees ($264.91 million), including a greenshoe option of 20 billion rupees, by selling bonds maturing in four years, three bankers said on Monday.
It has invited coupon and commitment bids for the issue on Tuesday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 29:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 4 years | To be decided | 5+20 | June 30 | AAA (Crisil) |
Sundaram Finance Aug 2028 reissue | 2 years and 1 month | 7.6987 (yield) |
7.5 | June 29 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 94.3700 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Eileen Soreng)
MUMBAI, June 29 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise up to 25 billion rupees ($264.91 million), including a greenshoe option of 20 billion rupees, by selling bonds maturing in four years, three bankers said on Monday.
It has invited coupon and commitment bids for the issue on Tuesday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 29:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 4 years | To be decided | 5+20 | June 30 | AAA (Crisil) |
Sundaram Finance Aug 2028 reissue | 2 years and 1 month | 7.6987 (yield) |
7.5 | June 29 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 94.3700 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Eileen Soreng)
MUMBAI, June 17 (Reuters) - India's Bajaj Finance BJFN.NS accepted bids worth 13.90 billion rupees ($147.28 million) for the reissue of 7.07% September 2028 bonds, three bankers said on Wednesday.
It will offer a yield of 7.80% and had invited commitment bids for the issue earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 17:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance September Reissue | 2 years and 3 months | 7.80 (yield) | 13.90 | June 17 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 94.3775 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Harikrishnan Nair)
MUMBAI, June 17 (Reuters) - India's Bajaj Finance BJFN.NS accepted bids worth 13.90 billion rupees ($147.28 million) for the reissue of 7.07% September 2028 bonds, three bankers said on Wednesday.
It will offer a yield of 7.80% and had invited commitment bids for the issue earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 17:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance September Reissue | 2 years and 3 months | 7.80 (yield) | 13.90 | June 17 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 94.3775 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Harikrishnan Nair)
MUMBAI, June 12 (Reuters) - India's Bajaj Housing Finance BAJO.NS accepted bids up to 20 billion rupees ($210.3 million) for the reissue of 8.25% May 2031 bonds, three bankers said on Friday.
It will pay a coupon of 7.95% and had invited commitment bids for the issue on Thursday, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 12:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance 8.25% bond reissue | 5 years | 7.95 | 20 | June 12 | AAA (Crisil) |
NaBFID | 3 years and 1 month | 7.37 | 25 | June 12 | AAA (Crisil, Icra) |
NaBFID | 10 years | 7.66 | 25 | June 12 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 95.1225 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
MUMBAI, June 12 (Reuters) - India's Bajaj Housing Finance BAJO.NS accepted bids up to 20 billion rupees ($210.3 million) for the reissue of 8.25% May 2031 bonds, three bankers said on Friday.
It will pay a coupon of 7.95% and had invited commitment bids for the issue on Thursday, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 12:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance 8.25% bond reissue | 5 years | 7.95 | 20 | June 12 | AAA (Crisil) |
NaBFID | 3 years and 1 month | 7.37 | 25 | June 12 | AAA (Crisil, Icra) |
NaBFID | 10 years | 7.66 | 25 | June 12 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 95.1225 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
By Dharamraj Dhutia
MUMBAI, June 11 (Reuters) - Indian companies are rushing to raise short-term debt after the central bank's measures to support the rupee triggered a sharp fall in borrowing costs, four merchant bankers said.
Companies, led by non-banking financial firms, are raising more than 310 billion rupees ($3.24 billion) through up to five-year bonds this week, the bankers said. The supply is one-third of what was raised in April and May, according to Reuters data.
The Reserve Bank of India on Friday announced a raft of measures aimed at drawing dollars into the country, including raising subsidised deposits and incentivising banks and state-run companies to raise funds overseas.
This has pushed corporate borrowing costs lower by 40-45 basis points, per LSEG benchmark 'AAA'-rated corporate bond yields of up to five years, while the spread over government bonds has narrowed.
Corporate bond yields had risen to their highest in seven years in May.
A rise in overseas borrowings could reduce the need for local debt supply, leading to a rally in bonds below five years, said Ajay Marwaha, head of fixed income markets at global wealth firm Nuvama.
State-run REC raised three-year funds at a coupon of 7.34% earlier this week, much lower than prevailing levels in the secondary market. NABARD, another state-run financial institution, raised funds for three years at 7.34% after cancelling a similar issue in May where rates could have touched nearly 8%.
Other major non-bank lenders lining up debt sales include Bajaj Finance BJFN.NS, Muthoot Finance MUTT.NS, Bajaj Housing Finance BAJO.NS and L&T Finance LTFL.NS, with planned issuances of 85 billion rupees, 27.5 billion rupees, 20 billion rupees and 15 billion rupees, respectively.
Despite the recent rally in bonds, investor appetite remains strong on expectations of further gains.
"Investors with a more than 18-month investment horizon are looking at corporate bond funds that present an attractive investment opportunity from a relative risk-reward perspective," said Puneet Pal, head of fixed income at PGIM India Asset Management.
($1 = 95.6950 Indian rupees)
India's shorter duration corporate bond yields tumble after RBI's FX measures https://reut.rs/4eyWol0
(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)
(([email protected];))
By Dharamraj Dhutia
MUMBAI, June 11 (Reuters) - Indian companies are rushing to raise short-term debt after the central bank's measures to support the rupee triggered a sharp fall in borrowing costs, four merchant bankers said.
Companies, led by non-banking financial firms, are raising more than 310 billion rupees ($3.24 billion) through up to five-year bonds this week, the bankers said. The supply is one-third of what was raised in April and May, according to Reuters data.
The Reserve Bank of India on Friday announced a raft of measures aimed at drawing dollars into the country, including raising subsidised deposits and incentivising banks and state-run companies to raise funds overseas.
This has pushed corporate borrowing costs lower by 40-45 basis points, per LSEG benchmark 'AAA'-rated corporate bond yields of up to five years, while the spread over government bonds has narrowed.
Corporate bond yields had risen to their highest in seven years in May.
A rise in overseas borrowings could reduce the need for local debt supply, leading to a rally in bonds below five years, said Ajay Marwaha, head of fixed income markets at global wealth firm Nuvama.
State-run REC raised three-year funds at a coupon of 7.34% earlier this week, much lower than prevailing levels in the secondary market. NABARD, another state-run financial institution, raised funds for three years at 7.34% after cancelling a similar issue in May where rates could have touched nearly 8%.
Other major non-bank lenders lining up debt sales include Bajaj Finance BJFN.NS, Muthoot Finance MUTT.NS, Bajaj Housing Finance BAJO.NS and L&T Finance LTFL.NS, with planned issuances of 85 billion rupees, 27.5 billion rupees, 20 billion rupees and 15 billion rupees, respectively.
Despite the recent rally in bonds, investor appetite remains strong on expectations of further gains.
"Investors with a more than 18-month investment horizon are looking at corporate bond funds that present an attractive investment opportunity from a relative risk-reward perspective," said Puneet Pal, head of fixed income at PGIM India Asset Management.
($1 = 95.6950 Indian rupees)
India's shorter duration corporate bond yields tumble after RBI's FX measures https://reut.rs/4eyWol0
(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)
(([email protected];))
MUMBAI, June 10 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise up to 20 billion rupees ($209.94 million), including a greenshoe option of 15 billion rupees, through the reissue of 8.25% May 2031 bonds, three bankers said on Wednesday.
It has invited coupon and commitment bids for the issue on Thursday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 10:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance 8.25% May reissue | 5 years | To be decided | 5+15 | June 11 | AAA (Crisil) |
Muthoot Finance | 5 years | 8.65 | 12.50+15 | June 11 | AA+ (Crisil, Icra) |
NABARD July 2029 reissue | 3 years and 1 month | 7.34 (yield) | 67.80 | June 10 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 95.2650 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)
MUMBAI, June 10 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise up to 20 billion rupees ($209.94 million), including a greenshoe option of 15 billion rupees, through the reissue of 8.25% May 2031 bonds, three bankers said on Wednesday.
It has invited coupon and commitment bids for the issue on Thursday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 10:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance 8.25% May reissue | 5 years | To be decided | 5+15 | June 11 | AAA (Crisil) |
Muthoot Finance | 5 years | 8.65 | 12.50+15 | June 11 | AA+ (Crisil, Icra) |
NABARD July 2029 reissue | 3 years and 1 month | 7.34 (yield) | 67.80 | June 10 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 95.2650 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)
MUMBAI, May 26 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 20 billion Indian rupees ($209.03 million) for bonds maturing in five years, three bankers said on Tuesday.
It will pay an annual coupon of 8.25% and had invited bids for the issue earlier in the day, they said.
Bajaj Housing Finance did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on May 26:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 5 years | 8.25 | 20 | May 26 | AAA (Crisil) |
NHPC STRPP | 6 to 15 years | 7.67 | 20 | May 26 | AAA (Care, India Ratings) |
360 One Prime | 2 years and 2 months | To be decided | 11.50+3.5 | May 27 | AA (Icra) |
Cholamandalam Investment | 2 years and 9 months | 91-day treasury bill linked | 50 | May 25 | AA+ (Icra, Care) |
* Size includes base plus greenshoe for some issues
*Size includes base plus greenshoe for some issues
($1 = 95.6800 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Ronojoy Mazumdar)
MUMBAI, May 26 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 20 billion Indian rupees ($209.03 million) for bonds maturing in five years, three bankers said on Tuesday.
It will pay an annual coupon of 8.25% and had invited bids for the issue earlier in the day, they said.
Bajaj Housing Finance did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on May 26:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 5 years | 8.25 | 20 | May 26 | AAA (Crisil) |
NHPC STRPP | 6 to 15 years | 7.67 | 20 | May 26 | AAA (Care, India Ratings) |
360 One Prime | 2 years and 2 months | To be decided | 11.50+3.5 | May 27 | AA (Icra) |
Cholamandalam Investment | 2 years and 9 months | 91-day treasury bill linked | 50 | May 25 | AA+ (Icra, Care) |
* Size includes base plus greenshoe for some issues
*Size includes base plus greenshoe for some issues
($1 = 95.6800 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Ronojoy Mazumdar)
MUMBAI, May 25 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise 20 billion rupees ($209.61 million), including a greenshoe option of 15 billion rupees, by selling bonds maturing in five years, three bankers said on Monday.
The company has invited coupon and commitment bids from investors on Tuesday, they said.
Bajaj Housing Finance did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on May 25:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | five years | To be decided | 5+15 | May 26 | AAA (Crisil) |
Kotak Mahindra Prime | five years and 1 month | 8.28 | 5.5+1.5 | May 26 | AAA(Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 95.4175 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Harikrishnan Nair)
MUMBAI, May 25 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise 20 billion rupees ($209.61 million), including a greenshoe option of 15 billion rupees, by selling bonds maturing in five years, three bankers said on Monday.
The company has invited coupon and commitment bids from investors on Tuesday, they said.
Bajaj Housing Finance did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on May 25:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | five years | To be decided | 5+15 | May 26 | AAA (Crisil) |
Kotak Mahindra Prime | five years and 1 month | 8.28 | 5.5+1.5 | May 26 | AAA(Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 95.4175 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Harikrishnan Nair)
MUMBAI, May 15 (Reuters) - India's Bajaj Housing Finance BAJO.NS accepted bids worth 5 billion rupees ($52.1 million) in a sale of bonds maturing in three years, three bankers said on Friday.
The non-bank lender will pay a coupon of 7.83% and had invited commitment bids for the issue earlier in the day, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on May 15:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 3 years | 7.83 | 5 | May 15 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 95.9650 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
MUMBAI, May 15 (Reuters) - India's Bajaj Housing Finance BAJO.NS accepted bids worth 5 billion rupees ($52.1 million) in a sale of bonds maturing in three years, three bankers said on Friday.
The non-bank lender will pay a coupon of 7.83% and had invited commitment bids for the issue earlier in the day, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on May 15:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 3 years | 7.83 | 5 | May 15 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 95.9650 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
MUMBAI, May 14 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise up to 10 billion rupees ($104.3 million), including a greenshoe option of 5 billion rupees, through the sale of bonds maturing in three years, three bankers said on Thursday.
The non-bank lender has invited coupon and commitment bids for the issue on Friday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on May 14:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 3 years | To be decided | 5+5 | May 15 | AAA (Crisil) |
Tata Capital Housing Finance | 3 years | 7.85 | 5.75 | May 13 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 95.8700 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
MUMBAI, May 14 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise up to 10 billion rupees ($104.3 million), including a greenshoe option of 5 billion rupees, through the sale of bonds maturing in three years, three bankers said on Thursday.
The non-bank lender has invited coupon and commitment bids for the issue on Friday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on May 14:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 3 years | To be decided | 5+5 | May 15 | AAA (Crisil) |
Tata Capital Housing Finance | 3 years | 7.85 | 5.75 | May 13 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 95.8700 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
Rewrites throughout, adds details
BENGALURU, April 27 (Reuters) - Indian non-bank lender Bajaj Housing Finance BAJO.NS reported a 14% rise in quarterly profit on Monday, as strong loan growth helped offset narrowing margins competition in the home-loan market intensifying.
Credit demand in India gained momentum in the second half of the fiscal year that ended in March, as easing inflation and lower taxes supported household spending and corporate borrowing.
Bajaj Housing Finance, India's largest non-bank home loan financier by market value, has been expanding its reach into near-prime and affordable home loan segments to diversify its loan portfolio and increase penetration nationwide.
The company's assets under management rose 23% year-on-year to 1.41 trillion rupees ($14.97 billion) for the quarter ended March 31, with loan disbursements also jumping 23% to 175.06 billion rupees.
Net interest income - the difference between interest earned and paid - fell to 9.45 billion rupees from 9.63 billion rupees in the preceding quarter, even as loan assets expanded 5.5% sequentially, underscoring the margin compression playing out across the housing finance sector.
The company's portfolio yield - the weighted average return on the loan book - stood at 9.1% in the March quarter, down from 9.7% a year earlier, as competitive pressure from banks pushed home loan pricing lower.
The gross spread - the difference between the portfolio yield and the cost of funds, a key measure of lending profitability - narrowed to 3% from 3.2% in the preceding quarter, as lower rates are typically transmitted faster to lending rates than to borrowing costs.
Bajaj Housing Finance's net interest margin slipped to 3.8% from 4% in the previous quarter.
Asset quality was largely stable, with gross bad loans as a percentage of total loans holding at 0.27% at the end of March, unchanged from three months earlier.
Profit rose to 6.69 billion rupees from 5.87 billion in the same quarter last year.
The firm's lease rental discounting portfolio, backed by commercial rental income, emerged as the fastest-growing segment, surging 44% year-on-year and accounting for nearly one-fourth of total assets.
($1 = 94.1900 Indian rupees)
(Reporting by Pranav Kashyap in Bengaluru; Editing by Rashmi Aich and Mrigank Dhaniwala)
(([email protected]; +919886482111;))
Rewrites throughout, adds details
BENGALURU, April 27 (Reuters) - Indian non-bank lender Bajaj Housing Finance BAJO.NS reported a 14% rise in quarterly profit on Monday, as strong loan growth helped offset narrowing margins competition in the home-loan market intensifying.
Credit demand in India gained momentum in the second half of the fiscal year that ended in March, as easing inflation and lower taxes supported household spending and corporate borrowing.
Bajaj Housing Finance, India's largest non-bank home loan financier by market value, has been expanding its reach into near-prime and affordable home loan segments to diversify its loan portfolio and increase penetration nationwide.
The company's assets under management rose 23% year-on-year to 1.41 trillion rupees ($14.97 billion) for the quarter ended March 31, with loan disbursements also jumping 23% to 175.06 billion rupees.
Net interest income - the difference between interest earned and paid - fell to 9.45 billion rupees from 9.63 billion rupees in the preceding quarter, even as loan assets expanded 5.5% sequentially, underscoring the margin compression playing out across the housing finance sector.
The company's portfolio yield - the weighted average return on the loan book - stood at 9.1% in the March quarter, down from 9.7% a year earlier, as competitive pressure from banks pushed home loan pricing lower.
The gross spread - the difference between the portfolio yield and the cost of funds, a key measure of lending profitability - narrowed to 3% from 3.2% in the preceding quarter, as lower rates are typically transmitted faster to lending rates than to borrowing costs.
Bajaj Housing Finance's net interest margin slipped to 3.8% from 4% in the previous quarter.
Asset quality was largely stable, with gross bad loans as a percentage of total loans holding at 0.27% at the end of March, unchanged from three months earlier.
Profit rose to 6.69 billion rupees from 5.87 billion in the same quarter last year.
The firm's lease rental discounting portfolio, backed by commercial rental income, emerged as the fastest-growing segment, surging 44% year-on-year and accounting for nearly one-fourth of total assets.
($1 = 94.1900 Indian rupees)
(Reporting by Pranav Kashyap in Bengaluru; Editing by Rashmi Aich and Mrigank Dhaniwala)
(([email protected]; +919886482111;))
MUMBAI, April 15 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise 10 billion rupees ($107.05 million), including a greenshoe option of 5 billion rupees, through the reissue of 7.25% January 2029 bonds, three bankers said on Wednesday.
It has invited commitment bids for the issue on Thursday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on April 15:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance Jan 2029 bond | 2 years and 9 months | To be decided | 5+5 | April 16 | AAA (Crisil) |
Bajaj Finance | 3 years | To be decided | 5+25 | April 16 | AAA(Crisil) |
Muthoot Finance | 3 years and 2 months | 8.45 | 20+10 | April 16 | AA+ (Crisil,Icra) |
*Size includes base plus greenshoe for some issues
($1 = 93.4170 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
MUMBAI, April 15 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise 10 billion rupees ($107.05 million), including a greenshoe option of 5 billion rupees, through the reissue of 7.25% January 2029 bonds, three bankers said on Wednesday.
It has invited commitment bids for the issue on Thursday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on April 15:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance Jan 2029 bond | 2 years and 9 months | To be decided | 5+5 | April 16 | AAA (Crisil) |
Bajaj Finance | 3 years | To be decided | 5+25 | April 16 | AAA(Crisil) |
Muthoot Finance | 3 years and 2 months | 8.45 | 20+10 | April 16 | AA+ (Crisil,Icra) |
*Size includes base plus greenshoe for some issues
($1 = 93.4170 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
April 3 (Reuters) - Bajaj Housing Finance Ltd BAJO.NS:
AUM GREW 23% Y/Y AS OF 31 MARCH 2026
Q4 GROSS DISBURSEMENT AT ABOUT 175.30 BILLION RUPEES
Source text: ID:nNSELJ4CF
Further company coverage: BAJO.NS
(([email protected];;))
April 3 (Reuters) - Bajaj Housing Finance Ltd BAJO.NS:
AUM GREW 23% Y/Y AS OF 31 MARCH 2026
Q4 GROSS DISBURSEMENT AT ABOUT 175.30 BILLION RUPEES
Source text: ID:nNSELJ4CF
Further company coverage: BAJO.NS
(([email protected];;))
MUMBAI, Feb 27 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 5 billion rupees ($54.97 million) via the reissue of 7.25% January 2029 bonds, three bankers said on Friday.
The company will offer a yield of 7.27% and had invited commitment bids for the issue earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on February 27:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing | 2 year and 11 months | 7.27 (yield) | 5 | February 27 | AAA (Crisil) |
PFC | 2 years | 6.96 | 30 | February 27 | AAA (Care, Icra, Crisil) |
PFC | 10 years | 7.31 | 30 | February 27 | AAA (Care, Icra, Crisil) |
Bank of Baroda | 7 years | To be decided | 50+50 | March 4 | AAA (Icra, Care) |
NABARD | 3 years and 1 month | 7.10 | 50.55 | February 27 | AAA (Icra, Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 90.9590 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, Feb 27 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 5 billion rupees ($54.97 million) via the reissue of 7.25% January 2029 bonds, three bankers said on Friday.
The company will offer a yield of 7.27% and had invited commitment bids for the issue earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on February 27:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing | 2 year and 11 months | 7.27 (yield) | 5 | February 27 | AAA (Crisil) |
PFC | 2 years | 6.96 | 30 | February 27 | AAA (Care, Icra, Crisil) |
PFC | 10 years | 7.31 | 30 | February 27 | AAA (Care, Icra, Crisil) |
Bank of Baroda | 7 years | To be decided | 50+50 | March 4 | AAA (Icra, Care) |
NABARD | 3 years and 1 month | 7.10 | 50.55 | February 27 | AAA (Icra, Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 90.9590 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, Feb 26 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise 15 billion rupees ($165 million) through the reissue of 7.25% January 2029 bonds, three bankers said on Thursday.
It has invited commitment bids for the issue on Friday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on February 26:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing | 2 years and 11 months | To be decided | 5+10 | February 27 | AAA (Crisil) |
NABARD | 3 years and 1 month | To be decided | 20+60 | February 27 | AAA (Icra, Crisil) |
Canara Bank | 10 years | 7.24 | 50 | February 26 | AAA (India Ratings, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 90.8970 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)
MUMBAI, Feb 26 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise 15 billion rupees ($165 million) through the reissue of 7.25% January 2029 bonds, three bankers said on Thursday.
It has invited commitment bids for the issue on Friday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on February 26:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing | 2 years and 11 months | To be decided | 5+10 | February 27 | AAA (Crisil) |
NABARD | 3 years and 1 month | To be decided | 20+60 | February 27 | AAA (Icra, Crisil) |
Canara Bank | 10 years | 7.24 | 50 | February 26 | AAA (India Ratings, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 90.8970 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)
MUMBAI, Feb 18 (Reuters) - India's Bajaj Housing Finance BAJO.NS accepted bids worth 10 billion rupees ($110.28 million) for the reissue of 7.10% October 2028 bonds, three bankers said on Wednesday.
It will offer a yield of 7.29% and had invited commitment bids for the issue earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on February 18:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance 2028 bond reissue | 2 years and 8 months | 7.29 (yield) | 10 | February 18 | AAA (Crisil) |
REC | 2 years | 6.95 | 28.35 | February 18 | AAA (Icra, Crisil, Care) |
NaBFID | 3 year and 1 month | To be decided | 10+40 | February 20 | AAA (Crisil, Icra, India Ratings) |
Shriram Pistons | 18 months | 7.30 (quarterly) | 5 | February 20 | AA+ (India Ratings) |
Shriram Pistons | 2 years | 7.35 (quarterly) | 5 | February 20 | AA+ (India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 90.6770 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Harikrishnan Nair)
MUMBAI, Feb 18 (Reuters) - India's Bajaj Housing Finance BAJO.NS accepted bids worth 10 billion rupees ($110.28 million) for the reissue of 7.10% October 2028 bonds, three bankers said on Wednesday.
It will offer a yield of 7.29% and had invited commitment bids for the issue earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on February 18:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance 2028 bond reissue | 2 years and 8 months | 7.29 (yield) | 10 | February 18 | AAA (Crisil) |
REC | 2 years | 6.95 | 28.35 | February 18 | AAA (Icra, Crisil, Care) |
NaBFID | 3 year and 1 month | To be decided | 10+40 | February 20 | AAA (Crisil, Icra, India Ratings) |
Shriram Pistons | 18 months | 7.30 (quarterly) | 5 | February 20 | AA+ (India Ratings) |
Shriram Pistons | 2 years | 7.35 (quarterly) | 5 | February 20 | AA+ (India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 90.6770 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Harikrishnan Nair)
Feb 2 (Reuters) - Bajaj Housing Finance Ltd BAJO.NS:
Q3 PAT 6.65 BILLION RUPEES
Q3 TOTAL REVENUE FROM OPERATIONS 28.86 BILLION RUPEES
Source text: ID:nnAZN4S7OM3
Further company coverage: BAJO.NS
(([email protected];;))
Feb 2 (Reuters) - Bajaj Housing Finance Ltd BAJO.NS:
Q3 PAT 6.65 BILLION RUPEES
Q3 TOTAL REVENUE FROM OPERATIONS 28.86 BILLION RUPEES
Source text: ID:nnAZN4S7OM3
Further company coverage: BAJO.NS
(([email protected];;))
MUMBAI, Jan 21 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise 25 billion rupees ($273.67 million), including a greenshoe option of 20 billion rupees, through the sale of bonds maturing in three years, three bankers said on Wednesday.
It has invited coupon and commitment bids for the issue later in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on January 21:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 3 years | To be decided | 5+20 | January 21 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 91.3500 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
MUMBAI, Jan 21 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise 25 billion rupees ($273.67 million), including a greenshoe option of 20 billion rupees, through the sale of bonds maturing in three years, three bankers said on Wednesday.
It has invited coupon and commitment bids for the issue later in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on January 21:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 3 years | To be decided | 5+20 | January 21 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 91.3500 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
MUMBAI, Jan 8 (Reuters) - India's Bajaj Housing Finance BAJO.NS is set to raise 15 billion rupees ($166.60 million), including a greenshoe option of 10 billion rupees, through the reissue of 7.10% October 2028 bonds, three bankers said on Thursday.
It has invited coupon and commitment bids for the issue on Friday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on January 8:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance October 2028 bond | 2 years and 9 months | To be decided | 5+10 | January 9 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 90.0375 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Janane Venkatraman)
MUMBAI, Jan 8 (Reuters) - India's Bajaj Housing Finance BAJO.NS is set to raise 15 billion rupees ($166.60 million), including a greenshoe option of 10 billion rupees, through the reissue of 7.10% October 2028 bonds, three bankers said on Thursday.
It has invited coupon and commitment bids for the issue on Friday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on January 8:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance October 2028 bond | 2 years and 9 months | To be decided | 5+10 | January 9 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 90.0375 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Janane Venkatraman)
Dec 2 (Reuters) - Bajaj Housing Finance Ltd BAJO.NS:
BAJAJ FINANCE - SOLD EQUITY SHARES OF BAJAJ HOUSING FINANCE LIMITED
BAJAJ FINANCE - CONSIDERATION RECEIVED FROM SALE WAS 15.88 BILLION RUPEES
Source text: ID:nBSE56mSvX
Further company coverage: BAJO.NS
(([email protected];;))
Dec 2 (Reuters) - Bajaj Housing Finance Ltd BAJO.NS:
BAJAJ FINANCE - SOLD EQUITY SHARES OF BAJAJ HOUSING FINANCE LIMITED
BAJAJ FINANCE - CONSIDERATION RECEIVED FROM SALE WAS 15.88 BILLION RUPEES
Source text: ID:nBSE56mSvX
Further company coverage: BAJO.NS
(([email protected];;))
MUMBAI, Nov 13 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 5 billion rupees ($56.9 million) for the reissue of 7.10% October 2028 bond, three bankers said on Thursday.
It will offer a yield of 6.95% on this issue and had invited bids on Wednesday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on November 13:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing | 3 years | 6.95 | 5 | November 12 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 88.63 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, Nov 13 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 5 billion rupees ($56.9 million) for the reissue of 7.10% October 2028 bond, three bankers said on Thursday.
It will offer a yield of 6.95% on this issue and had invited bids on Wednesday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on November 13:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing | 3 years | 6.95 | 5 | November 12 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 88.63 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
More Mid Cap Ideas
See similar 'Mid' cap companies with recent activity
Promoter Buying
Companies where the promoters are bullish
Capex
Companies investing on expansion
Superstar Investor
Companies where well known investors have invested
Popular questions
- Business
- Financials
- Share Price
- Shareholdings
What does Bajaj Housing Fin. do?
Bajaj Housing Finance Ltd is an Indian housing finance company, classified as an upper-layer NBFC and a subsidiary of Bajaj Finance. It offers home loans, loans against property, lease rental discounting and developer finance across India, serving salaried and self-employed customers with a diversified mortgage portfolio and growing assets under management.
Who are the competitors of Bajaj Housing Fin.?
Bajaj Housing Fin. major competitors are Piramal Finance, Housing & Urban Dev., PNB Housing Finance, LIC Housing Finance, Aadhar Housing Fin., Sammaan Capital, Aptus Value Housing. Market Cap of Bajaj Housing Fin. is ₹70,683 Crs. While the median market cap of its peers are ₹27,360 Crs.
Is Bajaj Housing Fin. financially stable compared to its competitors?
Bajaj Housing Fin. seems to be less financially stable compared to its competitors. Altman Z score of Bajaj Housing Fin. is 0.67 and is ranked 5 out of its 8 competitors.
Does Bajaj Housing Fin. pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Bajaj Housing Fin. latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How strong is Bajaj Housing Fin. balance sheet?
Latest balance sheet of Bajaj Housing Fin. is strong. Strength was visible historically as well.
Is the profitablity of Bajaj Housing Fin. improving?
Yes, profit is increasing. The profit of Bajaj Housing Fin. is ₹2,692 Crs for TTM, ₹2,560 Crs for Mar 2026 and ₹2,163 Crs for Mar 2025.
Is Bajaj Housing Fin. stock expensive?
Bajaj Housing Fin. is not expensive. Latest PE of Bajaj Housing Fin. is 26.25 while 3 year average PE is 43.88. Also latest Price to Book of Bajaj Housing Fin. is 3.14 while 3yr average is 4.72.
Has the share price of Bajaj Housing Fin. grown faster than its competition?
Bajaj Housing Fin. has given lower returns compared to its competitors. Bajaj Housing Fin. has grown at ~-25.15% over the last 1yrs while peers have grown at a median rate of -7.07%
Is the promoter bullish about Bajaj Housing Fin.?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Bajaj Housing Fin. is 86.7% and last quarter promoter holding is 86.7%.
Are mutual funds buying/selling Bajaj Housing Fin.?
The mutual fund holding of Bajaj Housing Fin. is decreasing. The current mutual fund holding in Bajaj Housing Fin. is 0.28% while previous quarter holding is 0.35%.