PNB Housing Finance Ltd IPO Message Board (Page 56)

SME power !

Data showed shares of Vidli Restaurants, run by Mumbai-based Kamat group, has climbed 700 per cent over offer price. At present, the scrip trades at Rs 96 apiece against an offer price of Rs 10 a share. The stock got listed on February 15 this calendar.

Umiya Tubes, which is engaged in manufacturing of stainless steel decorative tubes and industrial pipes, has surged 413.40 per cent to Rs 53.65 apiece over its April 1 offer price of Rs 10. The stock got listed on April 1.

PLEASE TALK ABOUT THE DOWNSIDERS TOO.

Like the greed of promoters failed iCICI PRU, this one will also fail. If ICICI PRU were priced at 270, it would have crossed 350 by now. But now it will not move its up rally unless it touches the low of 270. Similarly, this one will not move up unless it touches the lows of 600. BIG AVOID IMO.

assuming profit of 450 cr for 2016-17 eps comes to 34... and PE Of 23.at 775...not counting new issue....shares as 3000 in cash add 300 crore more profit.....

Avoid varun( check gmp before ipo date if above 45 then only apply for safer side)

PNBHF apply ( ignore gmp)

Mkt just loves the high growth compared to it''s peer .......!!
(e.g RBL bank, endurance tech)


PAT up % from 2015 to 2016

PNBHF 68%
Indiabull 23%
Gruh 20%
LIc 19%
DHFL 16%
HDFC 14%

Why on a earth one has to buy
Icici@250
Dhfl@320
Pnb @140 40% of book while its peers r so much costlier

There is a reason for everything.....let''s see where it find its place.

Exactly what i m saying sir


We aRe only troops ...!!

by only gut feeling. We did a thorough anchor book building across the globe, along with the domestic market. We have five bankers. We have a very diverse audience. Demand was totally inelastic or not sensitive to price; that was overwhelming. It also meant we have to use different other tools to peg ourselves. Housing finance companies (HFCs) have got a wide band of price to book valuations. We, sort of, grouped a few companies like us and asked, what is the median? Then, we went a shade lower and pegged ourselves there. That is how we discovered our price and I think we did it very truthfully.

Your return on average assets is compressed. Why so, and how does the IPO correct it?

It is an outcome of over-leveraging. As of March, it (return on assets) was about 1.37 per cent. It had further got compressed to about 1.2 per cent by the end of the first (June) quarter of this financial year. The reason why is that HFCs on an average are geared (equity to borrowed funds) at about eight times; we were geared at about 12.5 times as of March and 15 times as of June. That has put pressure on Rota (return on total assets); otherwise, there is nothing to worry.

The IPO will certainly correct that situation and we will be comfortably placed. It will give us that window to further raise capital in the future.

You will become a private sector company after the IPO, against the current status of a public sector one. How will it change the company''s working and its relationship with Punjab National Bank?

PNB put professional management in the company and not interfered for the past five years. So, from Rs 300 crore which was the value as on June 2010, today, post IPO, the company will be valued at Rs 13,000 crore. Its becoming a private sector company will not change our DNA. We will, tomorrow, work the same way as we do today. My relationships with PNB are very amicable; we will maintain it like that.

Your IPO is at a time when the real estate market is down. Is the timing correct?

It depends on the segment you are looking at. Yes, in the luxury segment, the velocities are down. Not in mass housing, where we focus and operate. We are seeing good enough volume. Yes, CAGRs (compounded annual growth rates) at a sectoral level are not that fantastic but are good at 18-20 per cent, depending on market to market.

Banks are becoming aggressive on lending to the housing sector. How do you see that competition?

The component of HFCs in this sector has increased, not come down, due to efficiency of delivery. Customers always like to go to the more efficient organisations. I think HFCs will remain above 40 per cent of the total industry (lending). The market is big enough for meaningful, stable growth. There is nothing wrong if everybody is growing.

Why have you been telling investors that you might not be able to grow your business and loan portfolio at the same rate as in the past?

Obviously, we will not be; that is a mathematical function of a lower base. At a higher base, you will not be growing at the same rate. Growth rates are also a ramification of your capacity.

How do you see the rate cut move by the Reserve Bank of India? Will your company cut its interest rate?

If it gets transmitted (to us), we will transmit onwards. It takes time. That has to be understood.

Dear Nidhike Sir & Septa Sir,


Just FYI ... PNB GMP has gone up from 35 to 52 (only Buyers)

& Varun GMP has gone down from 40 to 25 (only Sellers)

I really wonder why ?

Good for IPO MKT so good for us :)

varun shud not be a bad issue

RBL bank

Eps(dilute) 2.44 vs 2.99(qoq) vs 2.21(yoy)


PAT 89.8 vs 97(qoq)vs 67 (yoy)


Big Profit booikn may see soon...!!!(my view)

Moneycontrol News: RBL Bank Q2 profit jumps 34% to Rs 90 cr on robust biz growth
Full News: http://www.moneycontrol.com/news/results/rbl-bank-q2-profit-jumps-34-to-rs-90-crrobust-biz-growth_7652721.html

Very good result hold RBL without any worry it''s next yes bank

Eagleye mam please say one thing in one ward apply PNBHFL Or not

Eagleyeji pls let us know gmp of PNBHFL & Varun baverages.

Dear sir
plz tell me that what is the GMP of pnb and what is the rate of kostak.

How to sale the IPO application for PNB Housing IPO in Kostak.

i agree with septa sir for both ipo fair price

Pre ipo book value 170 and ronw ratio 18 percent if we take decision on pre ipo then fair value 550 so avoid totally ?

Eagleyeji,
which is the fair velue pnb hfl from your point of view ?

My portfolio and my favorite stock------Atul , atul auto, cera sany,mother sonsumi ,Asian paint ,berger paint ,Mintree,l7t infro, hcl tech,pidilte indus , titan comp,indusin bank ,hdfc bank , rbl bank, yes bank,idfc bank,equity holding,bajaj finance,bajaj finser, hdfc ,dhfl ,itc,symphony , Mario dabur, Godrej cos product,Jyoti lab,lupin,alembic pharma ,Ajanta pharma,glemark, hero motor cop, Eicher Motter, Maruti, Sharda cop,pi indust,supreme ind , wim plast,HPLC , mgl,

before finalising any decision wait for Dilip Davda ji review....

I will be selling my 5 applications of pub any buyers from Mumbai grey market kostak

Sorry it''s pnb

As heard PNB was one of the banks in Vijay Mallya Matter. it had more than 700 crore debt of KingFisher Airlines. so this big debt will not create pressure on the PNB Housing IPO ?

Pnb bank and pnb housing finance ltd both r different business''s .After this ipo prosses pnb housing finance will become a private company {Holding of government will come down from 51% to 34%}.Mind-blowing growth rate and low gnpa its make it an attractive investment opportunely don''t worry bro apply with full power for listing gain and also for a long term investment .