PNB Housing Finance Ltd IPO (PNBHFL IPO)

PNB Housing Finance Ltd IPO (PNBHFL IPO)

PNB Housing Finance Logo

PNB Housing Finance Limited (PNBHFL) is the fifth largest housing finance company (HFC) in India by loan portfolio as of September 30, 2015 with the second largest amount of public deposits in an HFC in India as of March 31, 2015.

PNB Housing Finance offers a range of housing and non-housing loans to its customers which are mostly salaried customers whose main source of income is salary from their employment or self-employed customers whose main source of income is their profession or their business.

Under housing loans, the company offers loans for the purchase, construction, extension or improvement of residential properties or for the purchase of residential plots. The category constituted nearly 70.34% of its total loan portfolio as of March 31, 2016.

Non-housing loans are mostly in the form of loans against property to property-owning customers through mortgages over their existing property and any additional security, if required. Non-housing loans constituted 29.66% of its total loan portfolio as of March 31, 2016.

PNB Housing Finance also offers housing loans in the form of construction finance loans to real estate developers of residential housing.

Promoter of PNB Housing Finance: Punjab National Bank

PNB Housing Finance IPO details
Subscription Dates25 - 27 October
Price BandINR750 - 775  per share
Fresh issueINR3,000 crore
Offer For SaleNil
Total IPO sizeINR3,000 crore
Minimum bid (lot size)19 shares
Face Value INR10 per share
Retail Allocation35%
Listing OnBSE, NSE

 

PNB Housing Finance’s consolidated financial performance (in INR crore)

 FY2012FY2013FY2014FY2015FY2016
Total revenue461666.31,120.31,780.32,699.5
Total expenses355.3537.5941.31,485.92,195.2
Profit after tax77.492.8129.6194.0327.5

PNB Housing Finance Contact Details

PNB Housing Finance Ltd 
9th Floor, Antriksh Bhavan,
Kasturba Gandhi Marg, New Delhi 110 001

Phone: +91 11 2335 7171
Fax: +91 11 2335 7173
Email: investor.services@pnbhousing.com
Website: www.pnbhousing.com

Registrar of PNB Housing Finance IPO

Link Intime India Private Limited
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai – 400 078
Maharashtra, India

Phone: +91 22 2596 3838
Fax: +91 22 2594 6969
Email: pnbhfl.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

PNB Housing Finance IPO Subscription Details

CategoryShares offered

Subscription (no. of times, at 6 PM) 

Day 1Day 2Day 3
QIB

7,952,500

0.34

 0.9237.33
NII

5,962,500

0.07

 0.1386.16
Retail

13,912,500

0.16

 0.571.28
Employees

250,000

0.01

 0.130.45
Total

 28,077,500

 0.19

 0.5729.51

PNB Housing Finance IPO Allotment Status

PNB Housing Finance IPO allotment status will be available on Link Intime’s website. Click on this link to get allotment status.

You can also check your IPO allotment status from your mobile at
http://eipo.linkintime.co.in/ipo/ 
http://linkintime.co.in/ipo

LISTING PERFORMANCE OF PNB Housing Finance IPO

IPO Opening Date: 25 October 2016

IPO Closing Date: 27 October 2016

Finalisation of Basis of Allotment: 2 November 2016

Initiation of refunds: 3 November 2016

Transfer of shares to demat accounts: 4 November 2016

Listing Date: 7 November 2016

Listing Price on NSE: INR860 per share (return of 10.9% over IPO price)

Closing Price on NSE: INR890 per share (return of 14.8% over IPO price)

35 COMMENTS

  1. PNB HFL grey premium has cracked to just 20 but no trades at all. All the guys who sold their applications can feel good if their brokers honor the commitment.

  2. Anchor book fully subscribed at the top end of the price end.

    Don’t worry, investors will make money in this IPO also. Apply without doubt and fear.

  3. Pnb housing is not all that expensive, iifl has a subscribe rating on the ipo. Pasting is disabled here but the report says its book value multiple are lower than repco and can fin

  4. Aniket, PNB Housing is a good IPO and my sense is that it will not be too greedy in pricing as some of the other companies have. Just my two cents, another way of playing it would be to buy other housing finance companies. I personally like Indiabulls Housing, good management, regular dividends and low priced, PE ratio of just 13.

      • DHFL is also good but I prefer Indiabulls. They have a great advantage by having a group real estate business and this can work very well in next 1-2 years

  5. What’s the opinion of bull_sinha about PNB Housing? Sir, please reply, your guidance was been very helpful in HPL. I’ll also avoid Varun Beverages as per ur advice.

  6. PNBHF EPS
    2013/14 – 25.87
    2014/15 – 24.15
    2015/16 – 27.58

    PE ratio at 500 (which am not sure) will be 20.1. Dewan Housing and Indiabulls Housing are available at lower PE.

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