On Monday, Bajaj Housing Finance promoter Bajaj Finance said it would divest up to 2% of its equity shares of the
As of December 1, Bajaj Finance holds 739 crore equity shares, totalling 88.7% of the total paid-up capital.
“Bajaj Finance Limited, the promoter of the Company, has conveyed to us their intention to sell the Equity Shares to
enable us to comply with the requirements of minimum public shareholding,” Bajaj Housing Finance said in a regulatory
Further, Bajaj Finance plans to offload up to 2% of the company’s equity, about 1.66 crore shares, in one or more
In its regulatory filing, Bajaj Housing Finance said the sale period will run from December 2, 2025, to February 28,
2026, or until all the shares are sold—whichever comes earlier.
Bajaj Housing Finance listing details
Shares of Bajaj Housing Finance Ltd made a solid market debut on September 16, 2024, listing with a huge premium of
114.28% against the issue price of ₹70.
The stock got listed at ₹150 on both the BSE and NSE, reflecting a jump of 114.28% from the issue price.
Later, it zoomed 129.88% to ₹160.92 on the BSE.
On the NSE, shares of the firm surged 130% to ₹161.
The company's market valuation stood at ₹1,30,751.90 crore.
The ₹6,560 crore initial public offer (IPO) of Bajaj Housing Finance Ltd received 63.60 times subscription on September
11, the last day of bidding, amid overwhelming participation from institutional buyers.
The initial share sale had a price band for the offer at ₹66-₹70 per share.
The IPO had a fresh issue of equity shares of up to ₹3,560 crore and an offer-for-sale (OFS) of equity shares to the
tune of ₹3,000 crore by parent Bajaj Finance.
The share sale was conducted to comply with the Reserve Bank of India's (RBI) regulations, which require upper-layer
non-banking finance companies to be listed on stock exchanges by September 2025.
Proceeds from the fresh issue, the company had said, will be used to augment the company's capital base to meet future
Bajaj Housing Finance is a non-deposit-taking housing finance company registered with the National Housing Bank in
What is the 75% public shareholding norm?
In India, the minimum public shareholding (MPS) rule requires all listed companies to ensure that at least 25% of their
shares are held by the public. This effectively means that the maximum a promoter or promoter group can hold is 75%.
So, when people refer to the “75% public shareholding norm”, they are actually referring to this MPS requirement. If
promoters hold more than 75% in a listed company, they must reduce their stake to 75% or below to ensure at least 25%
This rule promotes fair pricing, sufficient market liquidity, and improved corporate governance by preventing excessive
concentration of ownership among promoters.