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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 ₹775.00 per share . The lot size for an application is 19. The minimum amount of investment required by an retail is ₹14,250 (19 shares). 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 Date | October 25, 2016 to October 27, 2016 |
| Listing Date | November 7, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹750 to ₹775 per share |
| Issue Price Final | ₹775 per share |
| Lot Size | 19 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 3,87,19,309 shares (aggregating up to ₹3,000.00 Cr) |
| Employee Discount | ₹75.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 12,69,23,000 shares |
| Share Holding Post Issue | 16,56,56,870 shares |
PNB Housing Finance IPO offers total 3,87,33,870 shares. Out of which 1,92,41,934 (49.68%) allocated to QIB, 77,04,032 (19.89%) allocated to QIB, 57,72,581 (14.90%) allocated to NII, 1,34,69,355 (34.77%) allocated to RII and 1,15,37,902 (29.79%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,92,41,934 (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 (14.90%) | NA |
| Retail Shares Offered | 1,34,69,355 (34.77%) | 7,08,913 |
| Employee Shares Offered | 2,50,000 (0.65%) | NA |
| Total Shares Offered | 3,87,33,870 (100.00%) |
| 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 |
PNB Housing Finance IPO opens on October 25, 2016, and closes on October 27, 2016.
| IPO Open Date | Tue, Oct 25, 2016 |
| IPO Close Date | Thu, Oct 27, 2016 |
| Tentative Listing Date | Mon, Nov 7, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Oct 27, 2016 |
Investors can bid for a minimum of 19 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
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 |
The Company PNB Housing Finance IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | augment the capital base to meet the future capital requirements; and | |
| 2 | general corporate purpose. |
[Dilip Davda] As issue appears to be fully priced, Risk savvy cash surplus investors may consider investment for long term. Read detail review...
| Listing Date | November 7, 2016 |
| BSE Script Code | 540173 |
| NSE Symbol | PNBHOUSING |
| ISIN | INE572E01012 |
| Final Issue Price | ₹775 per share |
| BSE Listing Group | B |
PNB Housing Finance Ltd.
9th Floor, Antriksh Bhavan,
22 Kasturba Gandhi Marg,
New Delhi 110 001, India
New Delhi, New Delhi
Phone: +91 11 23357171
Email: investor.services@pnbhousing.com
Website: http://www.pnbhousing.com
MUFG Intime India Pvt.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 3,87,19,309 equity shares of the face value of ₹10 aggregating up to ₹3,000.00 Crores. The issue is priced at ₹775 per share. The minimum order quantity is 19.
The IPO opens on October 25, 2016, and closes on October 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 October 25, 2016 and closes on October 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 Monday, November 7, 2016.
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