PNB Housing Finance IPO
PNB Housing Finance IPO — date, price band, lot size & details 2016
PNB Housing Finance listed on 7 Nov 2016 at ₹860, 11% above the ₹775 issue price.
PNB Housing Finance is a housing finance subsidiary of Punjab National Bank offering home loans, loans against property and loans to developers. Its total income was Rs 2,699.54 crore in FY2016.
Stock price
PNB Housing Finance is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 25 Oct 2016
- Close 27 Oct 2016
- Allotment 03 Nov 2016
- Refund/credit TBA
- Listing 07 Nov 2016
Issue summary
The terms of the offer, as filed.
| IPO Dates | 25 to 27 Oct, 2016 |
|---|---|
| Price Band | ₹750 – ₹775 |
| Face Value | ₹10 |
| Lot Size | 19 Shares |
| Issue Size | ₹3000 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Employee Discount | Rs 75.00 per share |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,725 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 19 shares at the ₹775 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 19 | ₹14,725 |
| Retail (max) | 13 | 247 | ₹1,91,425 |
| S-HNI (min) | 14 | 266 | ₹2,06,150 |
| S-HNI (max) | 67 | 1,273 | ₹9,86,575 |
| B-HNI (min) | 68 | 1,292 | ₹10,01,300 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 1,120.32 crore in FY2014 to Rs 2,699.54 crore in FY2016.
- 02Profit after tax rose from Rs 129.70 crore in FY2014 to Rs 327.57 crore in FY2016.
- 03Total assets grew from Rs 11,539.58 crore in FY2014 to Rs 34,681.65 crore on 30 June 2016.
- 04Rs 2,651.00 crore of the issue was to augment its capital base.
Risks · 5
- 01Total borrowing rose from Rs 10,240.43 crore in FY2014 to Rs 30,045.95 crore on 30 June 2016.
- 02Loans to developers and against property carry higher risk than home loans; net worth was Rs 2,240.48 crore.
- 03Housing finance companies face funding cost and interest rate risk; profit was Rs 96.03 crore in the June 2016 quarter.
- 04Very fast loan growth can bring bad loans later; assets tripled from Rs 11,539.58 crore in FY2014.
- 05Punjab National Bank held 51% before the issue and 39.08% after it.
Three years of numbers
All figures in ₹ crore, as reported in the PNB Housing Finance offer document.
| Metric | 30 Jun 2016 | 31 Mar 2016 | 31 Mar 2015 | 31 Mar 2014 |
|---|---|---|---|---|
| Assets | 34,681.65 | 29,672.50 | 19,035.24 | 11,539.58 |
| Total Income | 863.44 | 2,699.54 | 1,780.38 | 1,120.32 |
| Profit After Tax | 96.03 | 327.57 | 194.07 | 129.70 |
| NET Worth | 2,240.48 | 2,144.45 | 1,578.73 | 934.14 |
| Reserves and Surplus | 2,113.56 | 2,017.53 | 1,474.88 | 868.45 |
| Total Borrowing | 30,045.95 | 26,158.87 | 16,751.57 | 10,240.43 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
₹3,000.00 Cr of the issue is earmarked to named objects.
About the company
It gives housing loans to individuals and companies to build, buy, repair and upgrade homes.
It also offers loans for commercial space, residential plots, loans against property, and loans to real estate developers.
The IPO was Rs 3,000 crore and was entirely fresh issue at Rs 775, the top of the Rs 750 to Rs 775 band. Most of the money was to augment its capital base.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
PNB Housing Finance IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
JM Financial Ltd.
194 issues handledBest listing: Tata Technologies (+140.0%). Weakest: ACME Solar Holdings (-13.1%).
Kotak Mahindra Capital Company Limited
204 issues handledBest listing: Premier Energies (+120.0%). Weakest: Puravankara Projects (-22.5%).
Bofa Securities India Limited
64 issues handledBest listing: Tata Technologies (+140.0%). Weakest: Puravankara Projects (-22.5%).
JP Morgan India Pvt. Ltd
41 issues handledBest listing: Premier Energies (+120.0%). Weakest: Nuvoco Vistas Corporation (-14.9%).
JM Morgan Stanley Pvt. Ltd
22 issues handledBest listing: Infrastructure Development Finance Co (+76.5%). Weakest: House of Pearl Fashions (-9.1%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of PNB Housing Finance?
The current Grey Market Premium is ₹0.
What is the PNB Housing Finance IPO price band?
₹750 to ₹775, on a face value of ₹10.
When is the allotment?
The basis of allotment is 3 November 2016, with listing on 7 November 2016.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
