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PNB Housing Finance Ltd IPO (PNB Housing Finance IPO) Detail

October 25, 2016 - October 27, 2016

PNB Housing Finance IPO is a book built issue of Rs 3,000.75 crores.

PNB Housing Finance IPO bidding started from October 25, 2016 and ended on October 27, 2016. The shares got listed on BSE, NSE on November 7, 2016.

PNB Housing Finance IPO price band is set at ₹750 to ₹775 per share. The minimum lot size for an application is 19 Shares. The minimum amount of investment required by retail investors is ₹14,725.

Bofa Securities India Limited, J.P. Morgan India Private Limited, Jm Financial Limited, Jm Morgan Stanley Private Limited and Kotak Mahindra Capital Company Limited are the book running lead managers of the PNB Housing Finance IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to PNB Housing Finance IPO RHP for detailed information.

PNB Housing Finance IPO Details

IPO Date October 25, 2016 to October 27, 2016
Listing Date November 7, 2016
Face Value ₹10 per share
Price Band ₹750 to ₹775 per share
Lot Size 19 Shares
Total Issue Size38,719,309 shares
(aggregating up to ₹3,000.75 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

PNB Housing Finance IPO Reservation

PNB Housing Finance IPO offers 28,077,500 shares. 7,952,500 (28.32%) to QIB, 5,962,500 (21.24%) to NII, 13,912,500 (49.55%) to RII, 250,000 (0.89%) to employees. 732,236 RIIs will receive minimum 19 shares and (sNII) and (bNII) will receive minimum 266 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered7,952,500 (28.32%)NA
NII (HNI) Shares Offered5,962,500 (21.24%)
Retail Shares Offered13,912,500 (49.55%)732,236
Employee Shares Offered250,000 (0.89%)NA
Total Shares Offered28,077,500 (100%)

PNB Housing Finance IPO Lot Size

Investors can bid for a minimum of 19 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 19 ₹14,725
Retail (Max) 13 247 ₹191,425
Lot Size Calculator

About PNB Housing Finance Ltd

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

Company Financials

Summary of financial Information
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

Objects of the Issue (PNB Housing Finance IPO Objectives)

Company intends to utilize the Net Proceeds towards the following:

1. Augment the capital base to meet their future capital requirements;
2. General corporate purpose; and
3. Enhance visibility and brand name among existing and potential customers.

PNB Housing Finance IPO Review (May apply)

[Dilip Davda]  As issue appears to be fully priced, Risk savvy cash surplus investors may consider investment for long term. Read detail review...


PNB Housing Finance IPO Subscription Status (Bidding Detail)

The PNB Housing Finance IPO is subscribed 29.53 times on October 27, 2016 6:50:00 PM. 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)

CategorySubscription (times)
QIB37.33
NII86.17
Retail1.32
Employee0.46
Total29.53

PNB Housing Finance IPO Prospectus

PNB Housing Finance IPO Rating

1050
3.8
Rating:Rated 3.8 stars
Vote Here ...

PNB Housing Finance IPO Listing Details

Listing Date November 7, 2016
BSE Script Code 540173
NSE Symbol PNBHOUSING
ISIN INE572E01012
Final Issue Price ₹775 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹775.00
₹863.00
₹860.05
₹902.95
₹890.60
NSE
₹775.00
₹860.00
₹860.00
₹904.00
₹891.15

Check IPO Performance…

PNB Housing Finance Ltd Contact Details

PNB Housing Finance Ltd
9th Floor, Antriksh Bhavan,
22 Kasturba Gandhi Marg,
New Delhi 110 001, India
Phone: +91 11 23357171
Email: investor.services@pnbhousing.com
Website: http://www.pnbhousing.com

PNB Housing Finance IPO Registrar

Link Intime India Private 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 FAQs

PNB Housing Finance IPO is a main-board IPO of 38,719,309 equity shares of the face value of ₹10 aggregating up to ₹3,000.75 Crores. The issue is priced at ₹750 to ₹775 per share. The minimum order quantity is 19 Shares.

The IPO opens on October 25, 2016, and closes on October 27, 2016.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The PNB Housing Finance IPO opens on October 25, 2016 and closes on October 27, 2016.

PNB Housing Finance IPO lot size is 19 Shares, and the minimum amount required is ₹14,725.

You can apply in PNB Housing Finance IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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 November 7, 2016.
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PNB Housing Finance IPO Message Board

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2471 Comments

1280. S GOYAL |   Link |  Bookmark |December 14, 2016 9:23:08 AM
EAGLEYE,HAVE YOU ANALYSE THE EFFECT OF DEMONETIZATION ON THIS COMPANY,AS THIS COMPANY HAS INVESTED 20% OF ITS LOAN BOOK TO BUILDERS.CAN WE SEE THE INCREASE IN NPA LEVEL DUE TO THIS? CAN WE HOLD THIS STOCK,IF YES WHAT WILL BE THE TARGET FOR SHORT TERM ,MEDIUM TERM,LONG TERM? DISCLOSURE- I AM HOLDING THIS STOCK IN 6 LOTS AS PER YOUR RECOMMENDATION PLEASE. KINDLY POST YOUR COMMENT AS I WILL WAIT EAGERLY FOR YOUR COMMENTS.
1279. Meekesh shah |   Link |  Bookmark |November 28, 2016 6:47:21 PM
Hello,
Septaji please reply

Bought RPG LIFE SCIENCE
@495
100quantity

Eagerly waiting for your reply
1278. Meekesh shah |   Link |  Bookmark |November 28, 2016 1:18:29 PM
Hi ,
Septaji how are you.
Hope you must be fine by the grace of God.
According to your recommendations i have purchased RPG LIFE SCIENCE

WHAT PRICE SHOULD I EXIT.
KINDLY GIVE ME THE TARGET

REGARDS
THANK YOU
1278.1. Aggarwal Abhishek |   Link |  Bookmark |December 22, 2016 1:27:43 PM
He will not notice your message coz this page is not more relevant and he will hardly visit this page . If you want that he should notice your message than you should write this message at his own personal comment which he has written recently at his own wall so that he get notified by the chittorgarh that someone has replied you than he might answer your question....
1277. pratik sonar |   Link |  Bookmark |November 27, 2016 8:58:57 PM
Hi , you can join my chittorgarh watsapp group where we discuss about IPO , share tips and ideas and invest together. text me on my number 7 0 6 3 6 7 4 3 8 9 - Pratik
Note- Only people who can be active in group and share knowledge , text me
1276. ipoexpert |   Link |  Bookmark |November 21, 2016 10:53:42 PM
Ab kahan gaye woh digaaj jo 1000-1100 ki keh rahe the....aap sab ko pehle hi kaha tha ki listing ho sakta hai thode premium par ho jaye but it will settle around 775 but kuch iss board ke members mujhe befkoof keh rahe the....kahan gaye....ab bolo
1276.1. Eagleye |   Link |  Bookmark |November 25, 2016 7:46:25 PM
IPO Guru IPO Guru (6600+ Posts, 21900+ Likes)


And I still here ... boliye ... kya kehena hai appko ?
1276.2. Aman |   Link |  Bookmark |December 4, 2016 12:03:10 AM
it is one of india fastest growing housing finance company. post clarity / proper flow of liquid money post demonetisation it will certainly touch the level of 1100-1200.
however i had added this in my long term portfolio and even on 900 it is still a good long term investment decision.
1275. IPOANALYSIS |   Link |  Bookmark |November 21, 2016 7:36:38 PM

USA hitting high, Jappan Nikkei hitting high, Europe UK markets at high. Pakistan stock market at 42400 near all time high. INvestors and people happy times.
indian stock market at 25700 near 1 yr low. investors routed in both property and stocks
1275.1. Mohun |   Link |  Bookmark |December 29, 2016 7:50:10 PM
i have listened to and read what every major economist on the planet has to say about indias demonetisation…….. not one single c u n t has got it right……… indian economy is a sleeping giant which has woken up……. yet our fantastic growth is not reflected in our number crunching. …….. our previous rbi governor raghuram rajan and previous pm manmohan singh ( both rothschilds agents ) wanted to hide indias economic success story.............. beggar nations are part of g7 group... what is g7 without india and china?...... demonetization causes our cottage industries and small scale family based ultra skilled industries to be measured ………. they now will be reflected in indias gdp and growth story --which the zionist pay roll economists do not want……… indian gdp is growing at 10.5% right now……. i have not yet seen a single famous economist-indian and foreign who understand the amazing indian economic growth story ……. today india is no 3 economy on this planet….. in another 16 years , we shall be no 1 ……….. yes--if indians cant adopt to digitisation change-- who can ? let me tell you , nobody on this planet can…….
1274. IPOANALYSIS |   Link |  Bookmark |November 21, 2016 5:07:02 PM
THANKS TO PM MODI AND ARUN JAITLEY FOR the state of INDIAN STOCK MARKET now

WHAT IS SURPRISING NOW IS THAT WHEN ALL STOCK MARKETS ARE HITTING ALL TIME HIGH across globe

ATLEAST MR JAITLEY SHOULD HAVE TAKEN LESSON FROM PAKISTAN , usa, europe, UK ,Japan all market doing well with no issues

it is only and only Indian stock market going down everyday due to stupidity of Arun Jaitley and Mr PM.

People wake up its ur hard earned money you have invested.

teach a lesson to BJP in elections and let better parties come in power. dont be a modi bhakht.
1274.1. MANU AGGARWAL |   Link |  Bookmark |November 21, 2016 6:57:33 PM
100 % Agree
1274.2. dipak |   Link |  Bookmark |November 21, 2016 8:36:35 PM
Kindly stop ur anti national slogans.........when all the market worldwide was down ...ours was up.....tn what were u doing....it seems u lost a lot of black money....my condolences are with u.....
1273. Carn Mohan |   Link |  Bookmark |November 21, 2016 5:01:43 PM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Market is going in Bear phase Banks,Financial companies, Housing finance cos, can down more than 50% from here alls are highly overvalued.
1272. Carn Mohan |   Link |  Bookmark |November 21, 2016 12:10:13 PM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
sell all your holding in Indian stock market , and buy 30 to 50â„… discount.
market is going in bear phase ,I think banks are going in very big crisis,next some quarters NPA will increase very sharply .
1271. s.selvam |   Link |  Bookmark |November 18, 2016 7:38:35 AM
MADAM JANET YELLEN HAS INFORMED THAT FED IS GOING TO INCRESE THE FED RATE SOONER AND THE PREFERENCE TO BE GIVEN TO WHITES IN AMERICA IN JOBS BY PRESIDENT ELECT TRUMP''S SPEECH AND THE LOWER GRUIDANCE GIVEN BY NASSCOM AND FEAR OF RETRENCEMENT BY IT STALWARTS WILL HAVE ANY EFFECT IN MARKETS.PARTICULARLY WHETHER IT WILL AFFECT HOUSING FINANCE COMPANIES.EXPERTS CAN ENLIGHTEN US IN THIS FORUM PLEASE
1271.1. RAJA HINDUSTANI |   Link |  Bookmark |November 21, 2016 12:18:28 PM
sir during the 3rd quarter housing finance co. are likely to suffer the most due to sharp fall in real estate sector Therefore PNBH can come down to 660-675 levels shortly ...
1270. IPOANALYSIS |   Link |  Bookmark |November 16, 2016 11:55:03 PM
no the pricing is correct.

It is because of the stupid ideas of PM and FM for demonitisation that has led to all this

real estate crashed, stock market down , people standing in queues.

I am sure you people will show it in votes next time. there is no investment giving return.

i am sure BJP has realised its mistake but being egoistic wont accept it

hope people teach them lesson in next elections.
1270.6. IPOANALYSIS |   Link |  Bookmark |November 18, 2016 9:45:10 AM
Looks like u all are modi bhakths. I am not against the demonitisation intention but the process bein followed. Imagine what good work bjp had a chance like asking people with othet scheme like put this money in govt bonda with no interest for 5 years .this money could hv been used properly. Check the cnn interview of a person that says no govt is so hawkish to get this done so quickly as it could cause major damage. How willl u explain multiple deaths caused by people standing in queues. They were poor people. How will u explqin money running out from india and making thus a bear market.will india survive without finvetors outflow. The process and implementation is so bad. What if it cause more damage that is business house chucking out people and loosing jobs. Just wait n watch.even chinese media have made fun of this this which is causing more damage than good
1270.7. V |   Link |  Bookmark |November 19, 2016 2:40:03 PM
How much of your cash is wiped out?
1269. ROYKOLKATA |   Link |  Bookmark |November 16, 2016 9:50:42 PM
the promoters should bring ipo at proper price we are now paying the price for investing in this ipo. soon will fall below 700
1268. NRI Investor |   Link |  Bookmark |November 16, 2016 12:42:20 PM
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
VERY GOOD RESULT 78.0% JUMP IN PROFIT.. SCREEMING BUY FROM THIS LEVEL @ 801 RS.

PNB Housing Finance today reported a rise of 78.3 percent in net profit at Rs 137.65 crore for the quarter ended September 30, 2016. Its net profit stood at Rs 77.20 crore in the corresponding July-September quarter of the previous fiscal. This is company''s first balance sheet declared to stock exchanges after it was listed on NSE and BSE last month. Total income rose by 50.8 percent to Rs 970.17 crore during the second quarter of 2016-17, against Rs 643.21 crore in same period of previous fiscal, it said in a regulatory filing. For the half year period (April-September), PNB Housing Finance''s net profit increased by 75 percent to Rs 233.6 crore, against Rs 133.6 crore. Income on the half yearly basis increased to Rs 1,833.02 crore from Rs 1,203.64 crore year ago. Sanjaya Gupta, Managing Director of the company, said that the half yearly results have been in line with company''s expectations. "The infusion of equity in the company will allow us to spread our branch network and grow our loan book. This will be in line with our growth and fixed cost optimisation strategy which will lead to improvement in the profit margins going forward," Gupta added. The asset under management (AUM) grew by Rs 34,896 crore as on September 30, 2016 from Rs 22,347 crore a year ago. Loan outstanding at the end of September 2016 stood at Rs 32,236 crore. The deposit portfolio grew by 14 percent to Rs 7,831 crore as on September 30 ,2016 from Rs 6,877 crore a year earlier. On asset quality, gross non-performing assets (NPAs) were at 0.26 percent of the loan assets as on September 30, against 0.23 percent a year ago. Net NPAs or bad loans were 0.18 percent of net advances, against 0.09 percent in the same period a year ago. The company also launched Unnati Home Loans during the first half of the current fiscal to cater to the mass housing segment in tier-II and III cities. This is to boost disbursements in the affordable housing loan segment, it said.

Read more at: http://www.moneycontrol.com/news/results/pnb-housing-finance-q2-net78-at-rs-137-crore_7966741.html?utm_source=ref_article
1268.3. NRI Investor |   Link |  Bookmark |November 18, 2016 10:00:49 AM
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
ROYKOLKATA,

U should understand main rule of Investing first. Rule is "Be greedy when others are fearful, and be fearful when others are greedy".

After correction from 980 levels, and with amazing 78% profit increase, ITS SCREAMING BUY NOW... now 825...

TARGET 1000+ in 3 months..
1268.4. NRI Investor |   Link |  Bookmark |November 30, 2016 8:37:48 AM
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
What happened ROYKOLKATA ?

Why so silent now ???

Now who is misleading people now????

PNB HOUSING FINANCE 910+ NOW... 110 UP FROM MY GIVEN PRICE 800.


Advice for you, First read previous messages of the Experts before you give your useless opinion on anyone. Ur new here in this forum, so just be good listener first.
1267. abbas |   Link |  Bookmark |November 16, 2016 9:39:54 AM
sir,

Can anyone tell about HPL as I have 1 lot of HPL IPO.
I am new
1267.1. Chennai |   Link |  Bookmark |November 16, 2016 7:30:56 PM
forget or book loss and invest in PNB
1266. ROYKOLKATA |   Link |  Bookmark |November 16, 2016 8:42:57 AM
guys situation not looking good should have sold when price was above 930..it seems that the price will fall below 700..
1265. Ashish Khater |   Link |  Bookmark |November 15, 2016 10:11:14 PM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
With eps of 10.64 this quarter, I think we can give pnb eps of around 40 this year. Wth even a P/e of 25 and book value of 337 on 31/03/2017, 1000 seems achievable. Let the market stabilise I suppose. N BUY on dips should be done. Correct me if I am wrong

Ashish Khater

1264. Tulsiyan |   Link |  Bookmark |November 15, 2016 4:40:09 PM
Hi, As confirmed..... Results are out for this company... Results are good...but not as spectacular as i expected...
Key Highlights:-
NIM growth:- 45% YOY
Fees & Operating profit:-93% YOY
PAT:- around 75% YOY

Considering the projections of other group members/post... Fundamentals are sound.... and discounting the same growth ...PAT can be well estimated in line of 440 cr to 460 cr.

Even if we go by calculation...chances of crossing 1000 benchmark is still dere subject too:-

Market stablization and no negative news from US market/govt.

1264.1. Mohun |   Link |  Bookmark |November 15, 2016 6:01:17 PM
I believe the results was out and market reacted that tanked the price to 800 in the last 30 mins. I have 100 shares at 855. Not sure if I should hold
1263. gamble |   Link |  Bookmark |November 15, 2016 2:21:20 PM (1600+ Posts, 3900+ Likes)
PNBHF @800(only result can lift this up...!!)

Some alert given on Thursday about NBfC and HF :-(



144.1. gamble Nov 10, 2016 3:46:01 PM IST
PNB Housing Finance Ltd IPO

Financial stocks looks in trouble.. .!!!????


Bharat fin : 800 to 740
Ujjivan : 460 to 425
Equitas : 174 to 165
M&m : 340 to 315

Indiabull : 750-699
Hdfc : 1364-1311
Dhfl : 292-273
PnbHF : 974-933


..........just profit bookin or real downside....??


Although taken small position in equitas ....will buy on every 10-12rs downside.
1262. NRI Investor |   Link |  Bookmark |November 15, 2016 9:40:06 AM
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Buy from current level 850+

Target 1000+ in 1 month..

BUY BUY
1262.1. Khemka |   Link |  Bookmark |November 15, 2016 11:14:07 AM (1000+ Posts, 400+ Likes)
20â„… lower circuit in can home finance today.actually meltdown on all nbfc and housing financial started as next quarter results will be huge loss
1261. gravitaparol |   Link |  Bookmark |November 15, 2016 9:19:44 AM
buy...buy..buy