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 Dates 25 – 27 October
Price Band INR750 – 775  per share
Fresh issue INR3,000 crore
Offer For Sale Nil
Total IPO size INR3,000 crore
Minimum bid (lot size) 19 shares
Face Value  INR10 per share
Retail Allocation 35%
Listing On BSE, NSE

 

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

  FY2012 FY2013 FY2014 FY2015 FY2016
Total revenue 461 666.3 1,120.3 1,780.3 2,699.5
Total expenses 355.3 537.5 941.3 1,485.9 2,195.2
Profit after tax 77.4 92.8 129.6 194.0 327.5

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: [email protected]
Website: www.pnbhousing.com

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: [email protected]
Website: http://www.linkintime.co.in

PNB Housing Finance IPO Subscription Details

Category Shares offered

Subscription (no. of times, at 6 PM) 

Day 1 Day 2 Day 3
QIB

7,952,500

0.34

 0.92 37.33
NII

5,962,500

0.07

 0.13 86.16
Retail

13,912,500

0.16

 0.57 1.28
Employees

250,000

0.01

 0.13 0.45
Total

 28,077,500

 0.19

 0.57 29.51

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://linkintime.co.in/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)

18 COMMENTS

  1. 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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