Bajaj Housing Finance's share price saw a 4.2% increase after the company reported a 26% rise in its consolidated net profit for the quarter ended September 2024. The company's net interest income also grew 13%, while its revenue from operations jumped by 26%. However, the company's asset quality deteriorated, with an increase in gross non-performing assets and net non-performing assets. Analysts expect the company's earnings-per-share growth to slow down in the future due to various factors.
The long-awaited initial public offering of Bajaj Housing Finance has been announced, with a price band of Rs 66-70 per share and a total size of Rs 6,560 crore. The IPO will open on September 9 and conclude on September 11, with share allotment and listing dates set for September 12 and 16 respectively. Parent company Bajaj Finance will be selling equity shares worth Rs 3,000 crore as part of the offering.