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Incorporated in 1988, PNB Housing Finance Limited is a subsidiary of Punjab National Bank. The entity 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.
Company targets its services of housing loans towards customers like salaried individuals, 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. 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.
Issue Open | April 13, 2023 - April 27, 2023 |
Security Name | PNB Housing Finance Limited |
Issue Size (Shares) | 90,681,828 |
Issue Size (Amount) | ₹2,493.76 Crores |
Issue Price | ₹275 per share |
Face Value | ₹10 per share |
Listing At | BSE, NSE |
Terms of Payment | The entire amount of the Issue Price of Rs. 275 per Rights Equity Share shall be payable at the time of Application. |
Entitlement | 29 Rights Equity Share(s) for every 54 fully paid-up Equity Shares held on Record Date |
Last Date to buy shares | April 3, 2023 |
Record Date | April 5, 2023 |
Credit of Rights Entitlements | April 12, 2023 |
Bid/Offer Opens On | April 13, 2023 |
Renunciation of Rights Entitlements | April 24, 2023 |
Bid/Offer Closes On | April 27, 2023 |
Deemed Date of Allotment | May 12, 2023 |
Credit Date | May 15, 2023 |
Listing Date | May 17, 2023 |
Period Ended | Total Assets | Total Revenue | Profit After Tax |
---|---|---|---|
31-Mar-22 | 65,729.61 | 6,200.73 | 836.48 |
Amount in ₹ Crore |
The Company intends to utilize the Net Proceeds from the Issue towards funding of the following objects:
PNB Housing Finance Limited
9th Floor, Antriksh Bhavan,
22 Kasturba Gandhi Marg,
New Delhi – 110 001
Phone: 011 – 23736857
Email: loans@pnbhfl.com
Website: http://www.pnbhfl.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: pnbhfl.rights@linkintime.co
Website: https://linkintime.co.in/initial_offer/public-issues.html
The PNB Housing Finance Rights Issue opens on April 13, 2023, and closes on April 27, 2023.
PNB Housing Finance Rights Issue Schedule
Last Date for credit of Rights Entitlements | April 12, 2023 |
Last Date for renunciation of Rights Entitlements | April 24, 2023 |
Issue Opening Date | April 13, 2023 |
Issue Closing Date | April 27, 2023 |
Date of Allotment (on or about) | May 12, 2023 |
Date of Credit (on or about) | May 15, 2023 |
Date of Listing (on or about) | May 17, 2023 |
PNB Housing Finance Rights Issue price is set at ₹275 per share per equity share.
The eligible shareholders are being offered 29 Rights Equity Share(s) for every 54 fully paid-up Equity Shares held on Record Date (April 5, 2023).
The record date for the PNB Housing Finance Rights Issue is April 5, 2023.
The issue size of PNB Housing Finance Rights Issue is of 90,681,828 equity shares at ₹275 per share aggregating upto ₹2,493.76 Crores.
The Letter of Offer for PNB Housing Finance Rights Issue can be download here.
You can apply for PNB Housing Finance Rights Issue in two ways:
Steps to apply for PNB Housing Finance Rights Issue using Net Banking (ASBA)
Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.
Steps to apply for PNB Housing Finance Rights Issue using Registrar's website (R-WAP)
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