₹2,493.76 Crores | Listing at BSE, NSE | Thu, Apr 13, 2023 - Thu, Apr 27, 2023
PNB Housing Finance Limited Rights Issue comprises 9.07 Cr equity shares aggregating to ₹2,493.76 Cr, offered at an issue price of ₹275 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Apr 5, 2023, with the Rights Issue being offered in the entitlement ratio of 29:54.
As per the terms of payment, ₹275 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Apr 12, 2023.
The Rights Issue opens on Apr 13, 2023 and closes on Apr 27, 2023.
The deemed date of allotment is May 12, 2023, following which the equity shares are expected to be credited to demat accounts on May 15, 2023 and listed on NSE and BSE on May 17, 2023.
Axis Capital Ltd. is the Lead Manager to the issue and MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the PNB Housing Finance Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Wed, Apr 5, 2023
Entitlement Ratio
29 : 54
Open Date
Thu, Apr 13, 2023
Close Date
Thu, Apr 27, 2023
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 65,729.61 | 6,200.73 | 836.48 |
| Amount in ₹ Crore | |||
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.
The Company intends to utilize the Net Proceeds from the Issue towards funding of the following objects:
[Dilip Davda] The company is in the housing finance segment and it ranks in the first five mega players. Its top line marked declining trends, while the bottom line posted inconsistency. The segment is poised for bright prospects with rising volumes following the “Aawas for All” scheme from the Government of India. AS this RI is at a discount of nearly 38%, investors may lap it up for medium to long-term rewards. Read detail review...
PNB Housing Finance Limited
9th Floor, Antriksh Bhavan,
22 Kasturba Gandhi Marg,
New Delhi – 110 001
New Delhi, New Delhi, 110001
The PNB Housing Finance Rights Issue opens on Thu, Apr 13, 2023, and closes on Thu, Apr 27, 2023.
PNB Housing Finance Rights Issue Schedule
| Last Date for credit of Rights Entitlements | Wed, Apr 12, 2023 |
| Last Date for renunciation of Rights Entitlements | Mon, Apr 24, 2023 |
| Issue Opening Date | Thu, Apr 13, 2023 |
| Issue Closing Date | Thu, Apr 27, 2023 |
| Date of Allotment (on or about) | Fri, May 12, 2023 |
| Date of Credit (on or about) | Mon, May 15, 2023 |
| Date of Listing (on or about) | Wed, May 17, 2023 |
You can apply for PNB Housing Finance Rights Issue in two ways:
Steps to apply for PNB Housing Finance Rights Issue using Net Banking (ASBA)
Steps to apply for PNB Housing Finance Rights Issue using Registrar's website (R-WAP)
