Bajaj Housing Finance IPO

Bajaj Housing Finance is a non-deposit-taking housing finance company (HFC) registered with the National Housing Bank (NHB) since September 24, 2015. The company began its mortgage lending business in FY18. Since September 30, 2022, it has been classified by the Reserve Bank of India (RBI) as an ‘Upper Layer’ non-banking finance company (NBFC-UL) under its Scale-Based Regulations (SBR). Bajaj Housing Finance offers financial solutions that facilitate the purchase and renovation of residential and commercial properties for both individuals and companies. The company’s suite of mortgage products includes home loans, loans against property (LAP), lease rental discounting, and developer financing, with a primary focus on individual retail housing loans. Bajaj Housing Finance uses both direct and indirect channels to originate loans. Direct sourcing includes partnerships with developers, customer engagement initiatives, leveraging digital ecosystem leads, and collaborations with digital platforms. Indirect sourcing leverages its distribution network of intermediaries, including channel partners, aggregators, direct selling agents (DSAs), third-party agents, and connectors.;