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PNB Housing Finance Limited Rights Issue (PNB Housing Finance Rights Issue) Detail

April 13, 2023 - April 27, 2023
PNB Housing Finance Limited Logo

Incorporated in 1988, PNB Housing Finance Limited is a subsidiary of Punjab National Bank. The entity 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.

Company targets its services of housing loans towards customers like salaried individuals, 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. 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.

PNB Housing Finance Rights Issue Detail

Issue Open April 13, 2023 - April 27, 2023
Security Name PNB Housing Finance Limited
Issue Size (Shares) 90,681,828
Issue Size (Amount) ₹2,493.76 Crores
Issue Price ₹275 per share
Face Value ₹10 per share
Listing At BSE, NSE
Terms of Payment

The entire amount of the Issue Price of Rs. 275 per Rights Equity Share shall be payable at the time of Application.

Entitlement 29 Rights Equity Share(s) for every 54 fully paid-up Equity Shares held on Record Date

PNB Housing Finance Rights Issue Issue Timetable

Last Date to buy sharesApril 3, 2023
Record Date April 5, 2023
Credit of Rights Entitlements April 12, 2023
Bid/Offer Opens On April 13, 2023
Renunciation of Rights Entitlements April 24, 2023
Bid/Offer Closes On April 27, 2023
Deemed Date of Allotment May 12, 2023
Credit Date May 15, 2023
Listing Date May 17, 2023

Company Financials

PNB Housing Finance Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-2265,729.616,200.73836.48
Amount in ₹ Crore

Objects of the Issue:

The Company intends to utilize the Net Proceeds from the Issue towards funding of the following objects:

  1. Augmenting our capital base;
  2. General corporate purposes.

PNB Housing Finance Rights Issue Documents

PNB Housing Finance Rights Issue Rating

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PNB Housing Finance Rights Issue Reviews

Company Contact Information

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

Phone: 011 – 23736857
Email: loans@pnbhfl.com
Website: http://www.pnbhfl.com/

PNB Housing Finance Rights Issue Registrar

  1. Link Intime India Private Ltd
    Phone: +91-22-4918 6270
    Email: pnbhfl.rights@linkintime.co
    Website: https://linkintime.co.in/initial_offer/public-issues.html

PNB Housing Finance Rights Issue FAQs

The PNB Housing Finance Rights Issue opens on April 13, 2023, and closes on April 27, 2023.

PNB Housing Finance Rights Issue Schedule

Last Date for credit of Rights EntitlementsApril 12, 2023
Last Date for renunciation of Rights EntitlementsApril 24, 2023
Issue Opening DateApril 13, 2023
Issue Closing DateApril 27, 2023
Date of Allotment (on or about)May 12, 2023
Date of Credit (on or about)May 15, 2023
Date of Listing (on or about)May 17, 2023

PNB Housing Finance Rights Issue price is set at ₹275 per share per equity share.

The eligible shareholders are being offered 29 Rights Equity Share(s) for every 54 fully paid-up Equity Shares held on Record Date (April 5, 2023).

The record date for the PNB Housing Finance Rights Issue is April 5, 2023.

The issue size of PNB Housing Finance Rights Issue is of 90,681,828 equity shares at ₹275 per share aggregating upto ₹2,493.76 Crores.

The Letter of Offer for PNB Housing Finance Rights Issue can be download here.

You can apply for PNB Housing Finance Rights Issue in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for PNB Housing Finance Rights Issue using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the PNB Housing Finance Rights Issue available on the list.
  4. Click the Apply button next to the PNB Housing Finance Rights Issue.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for PNB Housing Finance Rights Issue using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select PNB Housing Finance Rights Issue from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

17 Comments

17. Anil Jain     Link|May 15, 2023 4:02:55 PM
When the Right Shares allotted would be listed? From which date, these can be traded in Secondary market.
16. Roni     Link|May 4, 2023 7:48:16 PM
Does renouncee never gets extra allotment of shares like the original shareholders?
16.1. Krishnamoorthy     Link|May 4, 2023 8:10:27 PM
Renouncees will not get get any extra if the rights issue is oversubscribed and the extra shares will be to original shareholders only
15. Amit Surana     Link|May 3, 2023 7:35:28 PM
allotment is out... right?
heard that original shareholder got 40% extra ...
any idea about it?
and what about the RE buyers? any extra recd?
15.1. Krishnamoorthy   I Like It. 1|  Link|May 4, 2023 4:25:02 PM
MY elligibility was 10,applied for 20 and got 12 allotted.So 20% extra allotment
14. Punit     Link|May 3, 2023 11:45:35 AM
My entitlement is 26 shares but i apply 103 shares , any idea how much I get
13. Vijay Vaid     Link|April 29, 2023 2:56:33 PM
PNB Housing finance Rights issue easily sailed through Subscribed 1.25 Times as information submitted to BSE.
12. Dilip Rahti     Link|April 27, 2023 5:14:05 PM
please advice how to make the payment of Right Issue????
PNB HFL RE
11. Praveen     Link|April 27, 2023 9:46:26 AM
2 demats a/c with same rights issue offer, one bank account. How to apply for both rights issue? Where or which bank can we submit physical application for the rights issue.
10. Srinivasa Venkat     Link|April 20, 2023 12:11:11 PM
Who are the bankers to the issue . Where do you deposit your application for the rights sheets
10.1. Raghav     Link|April 20, 2023 1:23:02 PM
jis bank acct se aapka demat acctt link hai usi bank ke through apply kar dijiyega
9. Vaman     Link|April 15, 2023 1:03:37 PM
What was the PNB right issue shares appearing in my DMat account @ Rs 1. However it is now not appearing - why did it disappear, does it have link with eligibility
8. Neeta Jaiswal     Link|April 11, 2023 11:34:17 AM
I have PNB Housing Finance Ltd shares in my DP account with Zerodha. How can I apply online right issue and pay for the same. Please guide me.
8.1. dipak gandhi     Link|April 15, 2023 11:19:03 AM
visit linkintime web site..click on investors services-rights issue-pnb hsf fin-provide damt ac and mail id--you will receive offer letter in your mail..apply ASBA thro your bank..
7. Praburam     Link|April 4, 2023 11:52:28 AM
I hold 19 shares how much get entitlement of rights
7.1. Ms     Link|April 7, 2023 12:24:41 PM
10 maximum
7.2. SGN     Link|April 13, 2023 2:30:59 PM
Seems the promoter Punjab National bank sold the portion of their rights entitlement for which they won't be subscribing, through a block deal in BSE today 13.04.2023.
6. N. Visvanathan     Link|April 12, 2023 12:44:24 PM
I am having 19 shares. how much shares I can apply under rights issue?
6.1. Bimal Rajjpara     Link|April 13, 2023 1:10:11 PM
You can apply for 19 x29 = 551/54= 10.20 i.e. for 10 shares.....
5. Nandan     Link|April 13, 2023 11:29:59 AM
Pnb housing finance-re .. ka ek share show kar rha demat mein aur ek secondary market se purchase kia hai .
Ab main kitne apply kar sakta hun ?? 10-20 ya fer only 2 ?
Aisa bhi hota hai kya ??
Jitne marzi apply karo jitne aane honge aa jayenge ??
4. Nandan     Link|April 13, 2023 11:26:36 AM
I am having 1 share of re- pnb housing finance and i bought one from secondary market .. and how much i can apply for right issue shares ??? Jyada se jyada kitne apply kar sakte ..??
3. jayaraj     Link|April 10, 2023 2:46:08 PM
if i donthave pnb shares in my DP acc how can i apply for PNB right issue
3.1. Nkparwal     Link|April 12, 2023 6:57:05 AM
It's rights issue of PNB Housing Finance, not PNB. You may buy re of pnbhf if you want to apply for rights issue of pnbhf.
2. SGN     Link|April 7, 2023 12:31:49 PM
THe promoter PNB is going to subscribe only partially in this rights issue, would like to know
1. whether they would renounce the balance rights entitlement in the open market or,
2. whether the unsubscribe portion would be made available for subscription by retail investors
1. Bharat     Link|April 6, 2023 11:46:18 AM
I have 19 shares can I entitle for right issue and how many, pk reply
1.1. Ms     Link|April 7, 2023 12:15:23 PM
9 re share

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