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|
|Listing On||BSE, NSE|
PNB Housing Finance’s consolidated financial performance (in INR crore)
|Profit after tax||77.4||92.8||129.6||194.0||327.5|
PNB Housing Finance IPO Subscription Details
Subscription (no. of times, at 6 PM)
|Day 1||Day 2||Day 3|
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)