Bajaj Housing Finance has officially confirmed that it has used 100% of the ₹3,560 crore it raised through its Initial Public Offer (IPO). As of June 30, 2025, the company reported full utilisation of the IPO proceeds, sticking to the plan it shared in the offer document.
According to a monitoring report by CARE Ratings Limited, the funds were mainly used to grow the company’s capital base and cover IPO-related costs. This move is seen as a strong and responsible step by Bajaj Housing Finance, building investor trust.
Where Did the Money Go?
Out of the ₹3,560 crore:
- ₹3,510.35 crore was used to boost the company’s capital base. This amount includes ₹10.8 crore interest earned from fixed deposits.
- ₹60.45 crore was used for share issue expenses.
- No funds were allocated for general corporate purposes.
Clean Execution, No Deviations
CARE Ratings, the monitoring agency, said there were no deviations from the planned use of funds. The company followed the exact roadmap it laid out before the IPO.
This clean and clear execution gives confidence to investors. It shows Bajaj Housing Finance’s focus on growth and transparency.
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All Approvals in Place
The agency also confirmed that all required government and legal approvals related to fund usage are in place. Bajaj Housing Finance has also completed all technical and partnership arrangements.
This means everything is running as per plan, without any delays or red flags.
Board Stands Behind the Numbers
The Board of Directors also backed the report. They confirmed that the proceeds were used exactly as stated in the offer document.
This proves that the IPO wasn’t just about raising money—it was about using it smartly and honestly.
A Quick Recap
- Company: Bajaj Housing Finance Limited
- IPO Period: September 09–11, 2024
- Issue Size: ₹6,560 crore (₹3,560 crore fresh issue + ₹3,000 crore offer for sale)
- Promoters: Bajaj Finance Limited and Bajaj Finserv Limited
- Sector: Housing Finance
With this update, Bajaj Housing Finance has sent out a strong message—it’s serious about growth, clear about purpose, and fully committed to its investors.
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