Lending, risk, and collections - areas where this MD of Bajaj Housing Finance excels - are the foundation of the company's future growth strategy.

Atul Jain, now 52, has been with the Bajaj Group for over two decades. He began his career in investment banking, working as a project executive at PNB Capital Services Limited and later at Prudential Capital Markets Limited.

Bajaj Housing Finance Ltd., a key player in India’s mortgage market, is gearing up for its initial public offering which opens for subscription next week. The primary reason for going public is to fuel the company's growth, said Managing Director Atul Jain.

Bajaj Housing Finance’s IPO will open between September 9 and September 11, according to the firm's red herring prospectus (RHP).

Jain added that the cost of funds is relatively competitive compared to the market, and with a variable rate asset size, the net interest margins (NIMs) are likely to remain stable

With the GMP indicating a significant upside, all eyes are now on whether the shares will live up to the hype and deliver the bumper listing gains many expect.

Bajaj Housing Finance shares are expected to list at a premium of 108% over the IPO price of ₹70 apiece, with m-cap seen doubling to ₹1.2 lakh cr.

Bajaj Housing Finance's successful IPO is expected to have a positive spillover effect on the overall NBFC sector. Anticipated interest rate cuts and attractive valuations have made NBFCs a more compelling investment option.