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PNB Housing Finance IPO is a book built issue of Rs 3,000.75 crores.
PNB Housing Finance IPO bidding started from October 25, 2016 and ended on October 27, 2016. The shares got listed on BSE, NSE on November 7, 2016.
PNB Housing Finance IPO price band is set at ₹750 to ₹775 per share. The minimum lot size for an application is 19 Shares. The minimum amount of investment required by retail investors is ₹14,725.
Bofa Securities India Limited, J.P. Morgan India Private Limited, Jm Financial Limited, Jm Morgan Stanley Private Limited and Kotak Mahindra Capital Company Limited are the book running lead managers of the PNB Housing Finance IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to PNB Housing Finance IPO RHP for detailed information.
| IPO Date | October 25, 2016 to October 27, 2016 |
| Listing Date | November 7, 2016 |
| Face Value | ₹10 per share |
| Price Band | ₹750 to ₹775 per share |
| Lot Size | 19 Shares |
| Total Issue Size | 38,719,309 shares (aggregating up to ₹3,000.75 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 126,923,000 |
| Share holding post issue | 165,656,870 |
PNB Housing Finance IPO offers 28,077,500 shares. 7,952,500 (28.32%) to QIB, 5,962,500 (21.24%) to NII, 13,912,500 (49.55%) to RII, 250,000 (0.89%) to employees. 732,236 RIIs will receive minimum 19 shares and (sNII) and (bNII) will receive minimum 266 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 7,952,500 (28.32%) | NA |
| NII (HNI) Shares Offered | 5,962,500 (21.24%) | |
| Retail Shares Offered | 13,912,500 (49.55%) | 732,236 |
| Employee Shares Offered | 250,000 (0.89%) | NA |
| Total Shares Offered | 28,077,500 (100%) |
Investors can bid for a minimum of 19 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 19 | ₹14,725 |
| Retail (Max) | 13 | 247 | ₹191,425 |
| Lot Size Calculator | |||
Incorporated in 1988, PNB Housing Finance Ltd, a subsidiary of Punjab National Bank offers housing loans to individuals and corporate bodies for the construction, purchase, repair, and upgradation of houses, as well as loans for commercial space, purchase of residential plots, loan against properties, and loans for real estate developers. Information in this paragraph is provided by chittorgarh.com, India's No. 1 IPO Investment Portal.
Company's target customers for housing loans are salaried customers, whose main source of income is salary from their employment, and self-employed customers, whose main source of income is their profession or their business. Visit chittorgarh.com for more detail.They also offer housing loans in the form of construction finance loans to real estate developers of residential housing.
The company has Pan India presence in more than 40 locations through a network of 48 branches. Company’s 16 hubs are located at New Delhi, Bengaluru, Chandigarh, Chennai, Noida, Jaipur, Dehradun, Lucknow, Kolkata, Cochin, Coimbatore, Mumbai, Pune, Ahmedabad, Indore and Hyderabad which support branch operations. The company provides doorstep service for its products via Direct Sales Team (DST) channel. Other than the DST channel, company’s Home Loan and Loan against Property business is also sourced via Direct Marketing Associates (DMA) and Digital Medium.
Competitive Strengths:
1. Fifth largest HFC in India and the fastest growing HFC among the leading HFCs in India
2. Strong distribution network with deep penetration of key Indian urban centres
3. Scalable operating model and centralised and streamlined operational structure
4. Access to diversified and cost-effective funding sources
5. Diversified product offering with specific focus on self-employed customers
6. Customer-centric approach resulting in strong brand recognition
7. Prudent credit underwriting, monitoring and collection processes
8. Managed by experienced and qualified professionals with strong industry expertise
9. Support from their parent and promoter PNB
| Particulars | For the year/period ended (in Rs. Million) | |||||
|---|---|---|---|---|---|---|
| As at 30-Jun-16 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | |
| Total Assets | 346,816.49 | 296,724.99 | 190,352.37 | 115,395.76 | 76,550.74 | 44,362.56 |
| Total Revenue | 8,634.36 | 26,995.43 | 17,803.83 | 11,203.22 | 6,663.02 | 4,610.00 |
| Profit After Tax (PAT) | 960.28 | 3,275.66 | 1,940.70 | 1,296.97 | 928.20 | 774.46 |
Company intends to utilize the Net Proceeds towards the following:
1. Augment the capital base to meet their future capital requirements;
2. General corporate purpose; and
3. Enhance visibility and brand name among existing and potential customers.
[Dilip Davda] As issue appears to be fully priced, Risk savvy cash surplus investors may consider investment for long term. Read detail review...
The PNB Housing Finance IPO is subscribed 29.53 times on October 27, 2016 6:50:00 PM. The public issue subscribed 1.32 times in the retail category, 37.33 times in the QIB category, and 86.17 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 37.33 |
| NII | 86.17 |
| Retail | 1.32 |
| Employee | 0.46 |
| Total | 29.53 |
| Listing Date | November 7, 2016 |
| BSE Script Code | 540173 |
| NSE Symbol | PNBHOUSING |
| ISIN | INE572E01012 |
| Final Issue Price | ₹775 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹775.00 |
| ₹863.00 |
| ₹860.05 |
| ₹902.95 |
| ₹890.60 |
| NSE |
|---|
| ₹775.00 |
| ₹860.00 |
| ₹860.00 |
| ₹904.00 |
| ₹891.15 |
PNB Housing Finance Ltd
9th Floor, Antriksh Bhavan,
22 Kasturba Gandhi Marg,
New Delhi 110 001, India
Phone: +91 11 23357171
Email: investor.services@pnbhousing.com
Website: http://www.pnbhousing.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: pnbhfl.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
PNB Housing Finance IPO is a main-board IPO of 38,719,309 equity shares of the face value of ₹10 aggregating up to ₹3,000.75 Crores. The issue is priced at ₹750 to ₹775 per share. The minimum order quantity is 19 Shares.
The IPO opens on October 25, 2016, and closes on October 27, 2016.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The PNB Housing Finance IPO opens on October 25, 2016 and closes on October 27, 2016.
PNB Housing Finance IPO lot size is 19 Shares, and the minimum amount required is ₹14,725.
You can apply in PNB Housing Finance IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for PNB Housing Finance IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the PNB Housing Finance IPO allotment status.
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