All you want to know PNB Housing Finance IPO

pnb-housing-finance-ipoPNB Housing Finance IPO is hitting the capital markets on 25th Oct 2016 at an issue price of Rs. 750 to Rs. 775 per equity share. The issue size is expected to be about Rs. 3000 crores. The company had filed a draft red herring prospectus (DRHP) to the hit the capital market  with an Initial public offering to raise Rs. 2500 crore. PNB holds a 51% stake in its housing finance subsidiary. Private sector financial services firm Destimoney Enterprises Pvt. Ltd. held the remaining 49%, which it acquired in 2009. Private equity firm Carlyle Group acquired Destimoney’s 49% stake in PNB Housing during February 2016.

Company Profile:

The company was established as on November 11, 1988. Punjab National Bank, one of the biggest  nationalized bank in India, is the parent and promoter of the firm. It is offering housing loans for the purpose to fulfill the requirements in case of purchasing, constructions , extensions or improvement of residential properties or for the pnb-housing-finance-ipo-detailspurchase of residential plots, and “non-housing loans” in the form of loans against property (“LAP”) to property-owning customers through mortgages over their existing property and any additional security. On the other, It also provides to  non-residential premises loans (“NRPL”) for the purchase or construction of non-residential premises; lease rental discounting (“LRD”) loans offered against rental receipts derived from lease contracts with commercial tenants; and corporate term loans (“CTL”). This company  is the fifth largest HFC in India offering loan portfolio to individuals or corporate. The company is helping specially to the salaried customers to get housing loans.

As per the record of  March 30,2016, It runs total 47 branches across the northern, western and southern regions of India along with 16 processing hubs. The Central support office of the firm is located in New Delhi. It holds over 5000 channel partners through its distribution network partners across different locations in India.

For fiscal year 2016, total revenue of the company is registered 51% higher at Rs.2,699.54 crore for the fiscal year 2016 against Rs.1,780.38 crore last fiscal year. It reported a net profit of Rs.327.56 crore in the current fiscal year which is higher from Rs.194.07 crore in the previous year.

Outlook of the Firm:

1)  Robust distribution network focusing towards key Indian urban centers;

2) Competitive operating model and centralized and streamlined operational structure;

3)  Specialized and Managed the cost-effective funding sources;

4) Facilitates various product range significantly to the segment of self-employed customers;

5) Maintained its brand name and images amongst its existing customers;

6) Handling skillfully the process of credit underwriting, monitoring and collection processes;

7) Experts workforce and management team;

8) Strong back up from its parental company and Promoter.

Objects Of The Issue:

1) To increase its capital base;

2) General corporate purpose;

3) To cover Issue expenses.

Summary Of Issue:

Issue Open:-  25th Oct, 2016 to 27th Oct, 2016
Issue Type 100% Book Built Issue IPO
Issue Size (Shares) Equity Shares
Issue Size in (Value) Equity Shares of Rs.  aggregating up to ~Rs. 3000Crore
Face Value Rs. 10  Per Equity Share
Issue Price Rs. 750 – Rs.775 Per Equity Share
Market lots  19 Shares
Minimum Order Quantity  19 Shares
Listing At BSE, NSE

Promoters Of the Company:

Punjab National Bank:- It was incorporated in 1894. It is a public sector banks which facilitates banking related products and services to the corporate and commercial retail and agriculture customers.

Financials:

Particulars For the year/Period ended (Rs. in Million)  
Financial Year 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Equity & Liabilities 296724.99 190352.37 115395.76 76550.74 44362.56
Total Assets 296724.99 190352.37 115395.76 76550.74 44362.56
Total Revenue 26995.43 17803.83 11203.22 6663.02 4610.00
Total Expenses 21952.63 14859.33 9413.38 5378.58 3553.82
Profit After Tax (PAT) 3275.66 1940.70 1296.97 928.20 774.56

Lead Manager Details:

Kotak Mahindra Capital Company Limited

27 BKC, C-27, “G” Block Bandra Kurla, Complex Bandra (East) Mumbai 400 051, Maharashtra, India

Tel: +91 22 4336 0000 Fax: +91 22 6713 2447

E-mail: pnbhf.ipo@kotak.com

Website: www.investmentbank.kotak.com

Investor Grievance E-mail: kmccredressal@kotak.com

Contact Person: Ganesh Rane

SEBI Registration No.: INM000008704

DSP Merrill Lynch Limited

Ground Floor, “A” Wing, One BKC, “G” Block Bandra Kurla Complex, Bandra (East)

Mumbai – 400 051 Maharashtra, India

Tel: +91 22 6632 8000  Fax: +91 22 2204 8518

E-mail: dg.pnbhousingfinance_ ipo@baml.com

Website:www.dspml.com

Investor Grievance E-mail: dg.india_merchantbanking@baml.com

Contact Person: Chirag Jain

SEBI Registration No.: INM000011625

JM Financial Institutional Securities Limited

7th Floor, Cnergy Appasaheb Marathe Marg Prabhadevi, Mumbai 400 025

Tel: +91 22 66303030 Fax: +91 2266303330

E-mail: pnbhf.ipo@jmfl.com

Website: www.jmfl.com

Investor Grievance E-mail: grievance.ibd@jmfl.com

Contact Person: Lakshmi Lakshmanan

SEBI Registration No.: INM000010361

J.P. Morgan India Private Limited

J.P. Morgan Tower Off C.S.T. Road Kalina, Santa Cruz – East, Mumbai 400 098 Maharashtra, India

Tel: +91 22 6157 3000 Fax: +91 22 6157 3911

E-mail: pnbhousing_ipo@ jpmorgan.com

Website: www.jpmipl.com

Investor Grievance E-mail: investorsmb.jpmipl@jpmorgan.com

Contact Person: Prateeksha Runwal

SEBI Registration No.: INM000002970

Morgan Stanley India Company Private Limited

18F, Tower 2 One Indiabulls Centre 841, Senapati Bapat Marg, Mumbai 400 013 Maharashtra, India

Tel: +91 22 6118 1770 Fax: +91 22 6118 1031

E-mail: project_shakti@ morganstanley.com

Website: www.morganstanley.com/about-us/global-offices/india

Investor Grievance E-mail: investors_india@morganstanley. com

Contact Person: Rahul Jain

SEBI Registration No.: INM000011203

Registrar To The Issue:

Link Intime India Private Limited

C-13, Pannalal Silk Mills Compound L.B.S. Marg, Bhandup (West) Mumbai 400 078 Maharashtra, India

Tel: +91 22 5171 5400 Fax: +91 22 2596 0329

E-mail: pnbhfl.ipo@linkintime.co.in

Investor Grievance Email: pnbhfl. ipo@linkintime.co.in

Website: www.linkintime.co.in

Contact Person: Shamti GopalKrishnan

SEBI Registration No.: INR0000004058

Registered Office Details:

9th Floor, Antriksh Bhavan, 22 Kasturba Gandhi Marg, New Delhi 110 001, India

Tel: +91 11 23357171 Fax: +91 11 23357173

Contact Person: Mr. Sanjay Jain, Company Secretary and Compliance Officer

Tel: +91 11 23354206 Fax: +91 11 23357173

E-mail: investor.services@pnbhousing.com

Website: www.pnbhousing.com

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2 thoughts on “All you want to know PNB Housing Finance IPO

  • KINDLY FURNISH THE JUSTIFICATION FOR FIXATION OF PREMIUM IN COMPARISON WITH OTHER SIMILAR HOUSING FINANCE COMPANIES LIKE LIC HOUSING, DEWAN HOUSING ETC., YOU DONOT PROVIDE SUCH DETAILS IN YOUR BRIEFING / PROFILE AS A RESULT DERNING INVESTOR IS UNABLE TO GET THE RELEVANT INFORMATION.

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