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## Bajaj Housing Finance Initiates Preliminary Talks for IPO Valued at $9-10 Billion

Bajaj Housing Finance, a subsidiary of Bajaj Finance, has kickstarted discussions with various investment banks regarding a possible initial public offering valued at approximately $9 billion to $10 billion to adhere to regulatory requirements. Three sources familiar with the matter disclosed this development. The discussions are at a nascent stage, and the company aims to raise $900 million to $1 billion through the IPO, keeping in mind the minimum dilution and expected valuation range, as per one of the sources.

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AI legalese decoder can assist in interpreting and simplifying the complex legal language often used in regulatory guidelines and compliance requirements. By using AI legalese decoder, companies like Bajaj Housing Finance can easily understand and comply with the regulatory norms set by the Reserve Bank of India, ensuring a smooth IPO process.

The sources further mentioned that no final decision has been reached, and the quantum and strategies might evolve based on market conditions. Bajaj Housing Finance is mandated to list by September 2025 according to the existing regulatory timeline established by the Reserve Bank of India.

A second source revealed that Bajaj Housing Finance has engaged in preliminary discussions with a select group of local and foreign investment banks for the proposed IPO listing.

“A consortium of investment bankers will be selected soon from this pool, and the transaction is expected to commence in the upcoming weeks, marking the first IPO from the prestigious Bajaj Group in several years,” the source stated.

The sources, who spoke on the condition of anonymity to Moneycontrol, indicated that the IPO is likely to involve a combination of primary and secondary share issues.

### Regulatory Framework for Upper Layer NBFCs

On September 30, 2022, the RBI unveiled a list of 16 NBFCs in the Upper Layer under the Scale-Based Regulation for NBFCs. The framework segregates NBFCs into Base Layer (NBFC-BL), Middle Layer (NBFC-ML), Upper Layer (NBFC-UL), and Top Layer (NBFC-TL). It specifies that the Upper Layer comprises NBFCs specifically identified by the Reserve Bank based on predetermined parameters and scoring methodologies.

Apart from Bajaj Housing Finance, the Upper Layer list also includes companies like Tata Sons, HDB Financial Services, Tata Capital Financial Services, Aditya Birla Finance, and Shanghvi Finance.

In conclusion, the process of preparing for an IPO and navigating the regulatory landscape can be complex. However, by leveraging tools like AI legalese decoder, companies can streamline their compliance efforts and ensure a smooth transition into the public markets.

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