Bookbuilding IPO | ₹3,000 Cr | Listed at BSE, NSE | Tue, Oct 25, 2016 - Thu, Oct 27, 2016
PNB Housing Finance IPO is a book build issue of ₹3,000.00 crores. The issue is entirely a fresh issue of 3.87 crore shares of ₹3,000.00 crore.
PNB Housing Finance IPO bidding started from Oct 25, 2016 and ended on Oct 27, 2016. The shares got listed on BSE, NSE on Nov 7, 2016.
PNB Housing Finance IPO price band is set at ₹775 per share. The lot size for an application is 19. The minimum amount of investment required by an retail is ₹14,725 (19 shares) (based on upper price). The lot size investment for sNII is 14 lots (266 shares), amounting to ₹2,06,150, and for bNII, it is 68 lots (1,292 shares), amounting to ₹10,01,300.
The issue includes a reservation of up to 2,50,000 shares for employees offered at a discount of ₹75.00 to the issue price.
BOFA Securities India Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to PNB Housing Finance IPO RHP for detailed Information.
IPO Open
Tue, Oct 25, 2016
IPO Close
Thu, Oct 27, 2016
Issue Price
₹775 per share
Market Cap (Pre-IPO)
₹12,838.41 Cr
| IPO Date | 25 to 27 Oct, 2016 |
| Listed on | Mon, Nov 7, 2016 |
| Face Value | ₹10 per share |
| Price Band | ₹750 to ₹775 |
| Issue Price | ₹775 per share |
| Lot Size | 19 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹75.00 |
| Total Issue Size | 3,87,19,309 shares (agg. up to ₹3,000 Cr) |
| Fresh Issue | 3,87,19,309 shares (agg. up to ₹3,000 Cr) |
| Share Holding Pre Issue | 12,69,23,000 shares |
| Share Holding Post Issue | 16,56,56,870 shares |
| BSE Script Code / NSE Symbol | 540173 / PNBHOUSING |
| ISIN | INE572E01012 |
PNB Housing Finance IPO comprises a total issue size of 3,87,33,870 shares. The net offer to the public is 3,84,83,870 shares, after excluding 2,50,000 shares under a preferential allotment. Of the Net offer 1,92,41,934 (50.00%) are allocated to QIB, 57,72,581 (15.00%) allocated to NII 1,34,69,355 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 1,92,41,934 | 50.00% | 49.68% | NA |
| − Anchor Investor Shares Offered | 1,15,37,902 | 29.79% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 77,04,032 | 19.89% | NA | |
| NII (HNI) Shares Offered | 57,72,581 | 15.00% | 14.90% | NA |
| Retail Shares Offered | 1,34,69,355 | 35.00% | 34.77% | 7,08,913 |
| Preferential Reservations | ||||
| Employee Shares Offered | 2,50,000 | 0.65% | NA | |
| Total Shares Offered | 3,87,33,870 | 100.00% | 100.00% | |
Investors can bid for a minimum of 19 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 19 | ₹14,725 |
| Retail (Max) | 13 | 247 | ₹1,91,425 |
| S-HNI (Min) | 14 | 266 | ₹2,06,150 |
| S-HNI (Max) | 67 | 1,273 | ₹9,86,575 |
| B-HNI (Min) | 68 | 1,292 | ₹10,01,300 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | augment the capital base to meet the future capital requirements; and | |
| 2 | general corporate purpose. |
The PNB Housing Finance IPO is subscribed 29.53 times on October 27, 2016 6:50:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 37.33 | 79,52,500 | |
| NII | 86.17 | 59,62,500 | |
| Retail | 1.32 | 1,39,12,500 | |
| Employee | 0.46 | 2,50,000 | |
| Total | 29.53 | 2,80,77,500 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | GCBRLMs fees and commissions (including underwriting commission, brokerage and selling commission) and brokerage and selling commission for Registered Brokers, RTAs and CDPs | 43.85 |
| 2 | Commission/processing fee for SCSBs | 1.42 |
| 3 | Registrar to the Issue | 0.03 |
| 4 | Other advisors to the Issue | 1.30 |
| 5 | Others - Listing fees, SEBI filing fees, book building software fees | 7.44 |
| 6 | Others - Printing and stationary | 3.74 |
| 7 | Others - Advertising and marketing expenses | 33.78 |
| 8 | Others - Fees paid to monitoring agency | 0.78 |
| 9 | Others - Miscellaneous | 6.66 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹775.00 | ₹775.00 |
| Open | ₹863.00 | ₹860.00 |
| Low | ₹860.05 | ₹860.00 |
| High | ₹902.95 | ₹904.00 |
| Last Trade | ₹890.60 | ₹891.15 |
PNB Housing Finance IPO is a main-board IPO of 3,87,19,309 equity shares of the face value of ₹10 aggregating up to ₹3,000 Crores. The issue is priced at ₹775 per share. The minimum order quantity is 19.
The IPO opens on Tue, Oct 25, 2016, and closes on Thu, Oct 27, 2016.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in PNB Housing Finance IPO using UPI as a payment gateway. Zerodha customers can apply in PNB Housing Finance IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in PNB Housing Finance IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The PNB Housing Finance IPO opens on Tue, Oct 25, 2016 and closes on Thu, Oct 27, 2016.
PNB Housing Finance IPO lot size is 19, and the minimum amount required for application is ₹14,725.
You can apply in PNB Housing Finance IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The PNB Housing Finance IPO listing date is on Mon, Nov 7, 2016.
