PNB Housing Finance Limited IPO
PNB Housing Finance Ltd, a subsidiary of Punjab National Bank 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’s target customers for housing loans are salaried customers, 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. Companyâ 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, Companies Marketing Associates (DMA) and Digital Medium.
Competitive Strengths:
1. Fifth largest HFC in India and the fastest growing HFC among the leading HFCs in India
2. Strong distribution network with deep penetration of key Indian urban centres
3. Scalable operating model and centralised and streamlined operational structure
4. Access to diversified and cost-effective funding sources
5. Diversified product offering with specific focus on self-employed customers
6. Customer-centric approach resulting in strong brand recognition
7. Prudent credit underwriting, monitoring and collection processes
8. Managed by experienced and qualified professionals with strong industry expertise
9. Support from their parent and promoter PNB
Objects of the Issue:
Listing Date: Nov 07 2016
Issue Details:
| Open Date: | Oct 25 2016 |
| Close Date: | Oct 27 2016 |
| Total Shares: | 38,719,309 |
| Face Value: | ₹ 10 Per Equity Share |
| Issue Type: | Book Built Issue IPO |
| Issue Size: | 3,000.75 Cr. |
| Lot Size: | 19 Shares |
| Issue Price: | ₹ 750-775 Per Equity Share |
| Listing At: | NSE,BSE |
| Listing Date: | Nov 07 2016 |
Promoters And Management:
Company Financials:
| Particulars | For the year/period ended (in Rs. Million) | |||||
|---|---|---|---|---|---|---|
| As at 30-Jun-16 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | |
| Total Assets | 346,816.49 | 296,724.99 | 190,352.37 | 115,395.76 | 76,550.74 | 44,362.56 |
| Total Revenue | 8,634.36 | 26,995.43 | 17,803.83 | 11,203.22 | 6,663.02 | 4,610.00 |
| Profit After Tax (PAT) | 960.28 | 3,275.66 | 1,940.70 | 1,296.97 | 928.20 | 774.46 |
