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 |
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PNB Housing Finance’s consolidated financial performance (in INR crore) |
|||||
| Â | 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 LtdÂ
9th Floor, Antriksh Bhavan,
Kasturba Gandhi Marg, New Delhi 110 001
Phone:Â +91 11 2335 7171
Fax:Â +91 11 2335 7173
Email:Â [email protected]
Website:Â 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 6Â PM)Â |
||
| 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:Â 3 November 2016
Transfer of shares to demat accounts:Â 4 November 2016
Listing Date:Â 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)
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.
Grey trading started in PNB housing, GMP around 70-75 bucks and kostak application selling for 800 bucks
Without price band Gap???
Information is as received frm market sources. PNB HFL IPO price band is expected >500 bucks
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.
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.
You missed DHFL. Look at the results today. I can’t paste the link here but have a look, superb growth in profit.
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
Reuters says PNB housing price band will be 750-775
Very expensive at 775, pe ratio of 28. I wonder what the experts think of it, looks better to avoid pnb housing Ipo.
dhfl up 5pc today. I think it is better to hold this undervalued stock than invest in pnb housing ipo
What is the meaning of negative outlook by crisil
Negative outlook means there is no future, simple…
What is ur opinion regarding PNB Finance ipo
PNB housing grey premium come down to 50-55 now
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
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.
PNB Housing gmp now down to 45. Surprising as anchor book is good. It has General atlantic, credit Suise, singapore govt, Citi etc.
gmp is 20 now in pnb, no trades. exxpect listing in discount as it will be election time in us so volatility only
What was final subscription in retail category.
850.00 Ruppes listing don 7th
0.43 NSE
820 listing prize
Will list at 875
Cool Boss let’s see 7th NOV 2016
PNB Housing grey premium has shot up on diwali. Applications now trading at a premium of 85/share
retail sab ko mi le ga
right sir, I got two out of the two
what will be the listing price now?
860 listing prize enjoi
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.
happy pnb listing.
Good listing but don’t wait. I think this price is not sustainable and the market will correct big time.
What will be share price of pnb hfl share
This is available 10% below the listing price. Public going nuts in the much hyped IPO and no buyers just a month later now!!