PNB Housing Finance Ltd IPO Message Board (Page 52)

Whether there is any discount for retail investors. If so what is the percentage?

no discount

Thanks. Manjithsingh.

Valuation ( CM )

PNB Housing Finance’s EPS for FY2016 on post-issue equity works out to Rs 19.78. At the lower price band of Rs 750 per equity share of Rs 10 face value P/E works out to 37.9 times of FY2016 EPS of Rs 19.78 (on post-IPO equity). At the upper band of Rs 775 per equity share, P/E works out to 39.2 times of FY2016 EPS of Rs 19.78 (on post-IPO equity).

The book value of PNB Housing Finance is Rs 176.52 as of June 2016. Post-issue, the book value works out to Rs 313.95 per share at the lower band of issue price of 750 and Rs 316.39 per share at the upper band of issue price of Rs 775. The adjusted book value, net of net non-performing assets, at the upper band of issue price of Rs 775 works out to Rs 312.9 per share.

P/BV (post-issue) for PNB Housing Finance works out to 2.45 times and P/Adj BV at 2.48 times at the upper price band. Among the comparable peers, Gruh Finance is trading at P/BV of 13.7 times, Can Fin Homes is trading at P/BV of 5.3 times, Repco Home Finance is trading at P/BV of 4.9 times, HDFC is trading at P/BV of 4.0 times, Indiabulls Housing Finance is trading at P/BV of 3.4 times, LIC Housing Finance is trading at P/BV of 3.2 times and Dewan Housing Finance is trading at P/BV of 1.9 times. All BVs are as of June 2016.

At the price band of Rs 775 per share, PNB Housing Finance is offered at a P/E of 39.2 times (FY 2016 EPS on post-issue equity). Among the comparable peers, Gruh Finance trades at P/E (on EPS for FY2016) of 50.5 times, Repco Home Finance at 31.7, Can Fin Homes at 31.1, HDFC at 21.1, LIC Housing Finance at 18.4, Indiabulls Housing Finance at 18.4 and Dewan Housing Finance at 11.9.

Gambleji and eagleye, I agree with you, in IPL IPO there was a totally reverse action there. Intitially application rate was 1200 and GMP was 45 approx than it came down gradually. So, there may be a chance of getting 850rs. On listing definitely.

any good suggestions for long term investments as am new to this field...thank u

other then it any equity suggestions

Very difficult to pinpoint few stocks, I have more than 150 stocks to invest in

If u see pattern in GMP and kostak of PNBHF then it''s slightly increasing almost every day or two.with actively trading ....started @ just 30/35 and 600 now @52/57 and 800 respectively ...


Almost full allotment (90% or more) possible...one should take chance for straight 8-10% in short span....or. ..u can always hold...!!

expecting 10lkh application 15 out of 20 application

PNB GMP 56 – 58 (large volumes)

Gmp 56 -58 application 800 in delhi

quite interesting to note increase in GMP. Also many brokerages like angel, choksy etc coming out with subscribe report http://wp.me/p7zwuc-hA on PNBHF IPO

My simple formula applicable all retail investor,
1. IPO less than or equal to 500 Cr ( Invest for listing gain and and take always risk for one application, even if it less subscribed, there are lot of example past which is subscribed less but succeed )
2. IPO Range 500 Cr- 1500) - Invest after seen subscription level. Particularly HNI should be more than 50 times at least.
3. IPO Range grater than > 1500 Cr, ( Dont apply and invest in one of the successful previous IPO ) How we get the profit ???? as the number of retail as well HNI investor is in lakh, and share market is demand vs supply,if supply more then definitely not gain.

So I am not applying in PNB, even if GMP is 100 also.

U R RIGHT
ONLY I THINK ONE IPO IS EXCEPTIONAL CASE interglobe avaition ipo

Yes Pramod Gupta, I also missed that and lot of people regretted after listing and seen rally.

How do we get qualified for investing in HNI category? Should I invest 2 lakhs or more to get automatically qualified ? Planning to invest as HNI either in PNB HOUSING FINANCE OR VARUN BEVERAGES: which according to you is better for applying?

Pnb capital market rating is 49, don''t forget that ICICI capital market rating also 49, and listing day trading at Rs 40/ discount, if rating is high that demanding higher price, look past higher rating IPOs almost failed, like both L&t ,icici, each.
because all retailers get allotment and listing day thay want to sell his shares at any discounted rate.

PNB IPO size was suppose to come at 2500 cr is coming at 3000 cr
VB IPO size was suppose to come at 1400 cr is coming at 1100 cr

kaisa kaisa kaisa ????

Full page advertisement in paper of PNB housing finance IPO......mentioning 9 issues listed below issue price out of 20 issues handled by investment bankers involved......it can''t be just MKT conditions alone for bad listing there is fundamental wrong strategy of investment bankers in pricing the IPO.

Earlier Endurance was also rumoured to be priced above 500 but then finally come @472

Never heard before price of issue rumoured @560 n then coming @775....Carlyle not intended to exit in the near future so they milking every possible rupee for the IPO capturing any possible growth of 24 months .....its giving benefit to the company n existing promoters at the cost of future investors.

CNBC OFS

Strange but true ?

I asked my broker, Angel brokers, yesterday morning whether I can bid at "cut off price" and he told me yes the option is available in the system after actually checking it in the system. However when I asked to bid at about 3 pm at cut off price he told me the option is not available in the system now.
Has any person faced this problem? How can cut off option get removed from the system?

Me too faced same things as brokers unable to change or lower bid price at 3 pm.

Also comparing DHFL with PNBHF is the kind of joke that had me in splits like never before ..How can anyone in their right mind compare DHFL with its close to 0.9 % NPAs with PNBHF with the lowest NPA in the Industry.. That.sounds the same stupid as a Bail gaadi wanting to compete with a S class Mercedes ...
.

How is pnb hfl a s class?? Loan book is only 3-4 yrs old. At the inception of a company, due to low base it will show excellent growth. But as it settles down, it will slow down for sure. Hdfc or dhfl can''t grow 60 cagr now...they r settled cos. Asking for valuation at 2.3 times bv post ipo is surely a bit costly I feel. Need to look the current situation to value it.

Just reading half facts is what is making you laugh. Majority of PNB''s loan book is 2-3 years old and loans are qualified as NPA only after 5 years, hence the low ratio.

Its just getting zanier by the minute...The IPO jokes that are being cracked here can seriously defy all logic...the way Superman defied gravity. ..
. I''m going to keep it simple...How would the buyers view and value this stock post its listing, once the ruckus is over..Of course it will he foolish of them if they want to buy it considering the Pre IPO BV, thus completely ignoring INR 2500 / 3000 Cr cash the company received aganist the common stock...
. If I have to buy SBI toslday...I would consider today''s BV not the BVs prior to its stock market debut ....That would be as sensible as nonsense I beileve...


.

RII category form reqď for 1 time appwise subscription

PNBHF == 7,10,000
VBL .==== 2,60,000

............Assuming less participation by RII due to "DIWALI KHARCHA"

Possible sub. in RII(normal)

PNBHF : 0.9-1.3x
VBL. : 2.2-2.7x


.......Assuming most RII prefer only 1 for subscribe then(Diwali kharcha is still there....!!)

PNBHF : 1-1.5x.......or.......PNBHF : 0.8-1x
VBL. : 1.5-2x..................VBL. : 2.5-3x

My strategy;

Varun ...apply n hold till holi atleast
Pnb...sell in grey MKT first n then apply

Simple n straight!!!!!!

You will make money.....

Eagleye "andar no undar chhe" follow her nd swipe the strategy😊

(Friendly advice)

septa sir how much subscribed in retail any idea

Retail investor in general have heard mentality give weak listing of big name IPO like icici and L&T twins i see low participation less then 1.5 PNB
For VB around 2 to 2.5 given two issue at some time so many will split the application between the two say some one who normally puts 5 application in each IPO he will less application

septa sir how much subscribed in retail any idea

NBCC OFS

I want to see how allotment in OFS has been done.

My friend had applied at bid price of 246.50 & got full allotment at 234.18.

Any person who applied at more than 246.50, please let me know the price at which allotment has been made to him

Also what is the cut off price fixed for retail. Is it different than 246.5

I received allotment with Brokerage charges, STT, Service tax, SEBI charges, Exchange charges at Rs. 235.65 per share. Rs 23565 for 100 shares.

I have been applied and allotted 500 share of nbcc . When I can sale these shares . Can I sale these shares on monday

Subject 2 price

application rate = 825/- @8.00 pm