PNB Housing Finance Ltd IPO Message Board (Page 61)

PNB GMP 34 - 36
ETL GMP 73 - 75

*IPO UPDATE*: PNB Housing Finance Ltd.
Issue size :Rs 3,000crs.
Issue date:25 to 27 Oct 2017
Anchor :24 /10/16
BRLM''s : Kotak/ Merrill Lynch/ JM Financial/ JP Morgan/ Morgan Stanley....

LIC housing is 100 times better than PNB housing.
if pricing below 450 than only apply.

@eagleye
If profit for March 2017 is assumed at 450 crs on expanded equity of 165 crs translates into eps of 27/-
Canbank Home expected eps for 2017 is 90/- and available at 1800 or at a pe of 20 whereas if PNB issues shares at 775 then the issue would be priced at a pe of 29 which is way too expensive. I would go by the earning matrix rather than the PV/BOOK. Surely to fail if priced so HIGH!!!
Also the book value of canbank has been built largely by earnings as opposed to pnbhousing.

Dewan housing finance is better bet IMO

after seeing the anchor list on 24th October you may want to your view

Eagleye ji
Thanks for your first information on pnb housing IPO.
Please inform this IPO is under valued or over valued
Go for apply or not.
Please guide so all can be benefited.

pnb housing finance date is fixed at 25th to 27 price band to be announced tomm......

Let us see forum confirm price band is written by confirm and solid person. you are telling it will declare by tommorow then it is contradictory. Are you sure. Pl. be confirm.

Interesting to see speculation about price band from 450 to 900 .waiting for price deceleration official

Latast premium 32 34 100% tradable both way

PNB GMP 38 - 40
ETL GMP 70-72

Thanks Eagleye Market is not supporting. Lets c how PNB goes. Should it be applied?

Final Working:


PNB Housing Finance IPO

As per DRHP, we know:
Outstanding Shares pre IPO = 12,69,23,000 equity Shares
NAV as on 31st March 2016 = Rs.168.96
NetWorth as on 31st March 2016 = Rs.2,144Crs.

Assuming PAT for FY16-17 = Rs.450Crs.
NetWorth as on 31st March 2017 = Rs.2,594Crs.
NAV as on 31st March 2017 = Rs.204.41

Now, add IPO proceeds

Issue Size = Rs.3,000Crs.
Issue Price = Rs.775/-
Fresh Shares issued in IPO = 3,87,09,677 equity Shares

Therefore Post IPO:
Outstanding Shares = 12,69,23,000+3,87,09,677 = 16,56,32,677 equity Shares
NetWorth as on 31st March 2017 = Rs.2,594Crs.+ Rs.3,000Crs. = Rs.5,594Crs.
NAV as on 31st March 2017 = Rs.337.76

Its not as linear as u made it to be....even larger IPOs have been managed by far lower nos of BRLM

Nidhike Sir,

With all due respects to your opinion ...

However, In the case of PNB Housing:
In short term, P/BV will be 3X = Rs.337.76 X 3 = Rs.1013/-
In medium term, P/BV will be 4X = Rs.337.76 X 4 = Rs.1351/-

Let us revisit this conversation on "Holi 2017"

Ipo update PNB Housing finance Ltd.
Issue size :3000cr.
Issue date:25 to 27 Oct 2017
Anchor :24 /10/16

Price Band 750 - 775

Discount for Retail = NIL

Lot size???????

kostak 775 to 800 in ahmedabad

shar khan ji 800 me 4 likh do ...

IPO IN NOVEMBER

Today kostak rate is 750 in Ahmedabad

Eagleye pls let us know GMP for PNBHFL

http://wap.business-standard.com/article/markets/pnb-housing-finance-s-rs-2-500-crore-ipo-to-hit-markets-in-november-116101600156_1.html

Outstanding Shares pre IPO = 126,923,000 equity Shares

IMO
fresh issue of 2500 cr will be @ 565 = 44,247,788
Total outstanding shares post IPO = 171,170,788 @ 565 = 9671 Cr

At 565 this will give 3.32 PB which will give a good return on NAV of Rs170

let see how the value this IPO



l

BEST

Those who have missed the bus of LIC housing finance can enter it for long term benefits

775

Kostak in Ahmedabad???

Sir risingofmd.. Kostak prices are mostly accurate but it''s kind of difficult to trust someone whom you don''t know, so buyers go to their broker only.. So don''t misunderstand or take it negatively but this is how the market works..
And again everyone informing Kostak isn''t necessarily a buyer..! :) :)

pls dont make fun of anyone.....

" 46.1. risingofmd Oct 15, 2016 5:10:39 PM IST | I Like It. | Report Abuse
Mr. Chirag, If u r really a buyer i have 50 application to sell but @ 950 Rs. minimum. "

You asked 950...but price that he offered was 850, so have some respect for yourself and others.

@ 58.1 Gupa
. Yes ..A certain stocks must sell cheap ...But there has to be a cause if there is a effect right?...Oh! That''s unless the investors have a Godlike free will to make shares trade at absurd vauations.

. So yes ...those conservative investors who are out to shop for a Nano would buy it...while the higher echelons wouldn''t bring home nothing short of a BMW or an AUDI...
.

PNB Housing Finance’s Rs2,500 crore IPO to hit markets in November https://t.co/pvAhFdYbrb

Now its is 3100 cr. same no. of shares. Proof it changed its mind and charged more. Eagle eye please take also a note of this

PNB Housing Finance''s Rs 2,500 crore IPO to hit markets in November as per business standard dt 16.10.2016