PNB HOUSING FINANCE LIMITED Public Issue of Equity Shares

Note: , this note is prepared based on the RHP for informative purpose only.

Issue Highlights

 

 

 

 

 

 

 

 

 

 

Disclaimer: for more details please refer RHP

Summary Statement of Profit and Losses, as restated

(Rs. In Million)

Particulars Quarter ended June 30, 2016 

Year ended 31‐03‐2016 

Total Income  8,634.36  26,995.43 

Total Expenditure  7,160.54  21,952.63 

Profit Before Tax  1,473.82  5,042.80 

Profit after Tax  960.28  3,275.66 

E.P.S.(Rs.) Basic & Diluted  *7.57  27.58 

RONW (%)  *4.38  17.60 *Not Annualized

Retail Payment Chart

Compulsory ASBA mode. No Cheque will be accepted.

Cut Off Price `[775] Per Share

No. of Shares

Amount No. of Shares Amount

19 14725 152 117800 38 29450 171 132525 57 44175 190 147250 76 58900 209 161975 95 73625 228 176700 114 88350 247 191425 133 103075

| Equity IPOs | Home Loans & Mortgage | IPO Financing | Tax Free Bonds & NCDs | Mutual Funds | Corporate FDs |

An indicative timetable post issues closing Finalisation of Basis of Allotment with the Designated Stock Exchange

On or about November 2, 2016

Initiation of refunds (if any, for Anchor Investors) / unblocking of funds from ASBA Account

On or about November 3, 2016

Credit of Equity Shares to demat accounts of Allottees

On or about November 4, 2016

Commencement of trading of the Equity Shares on the Stock Exchanges

On or about November 7, 2016

Business Overview

PNB Housing Finance Limited, the fifth largest HFC in India by loan portfolio as of September 30, 2015 with the second largest amount of deposits in an HFC in India as of March 31, 2015, according to the IMaCS Report. The parent and Promoter is Punjab National Bank (“PNB”), one of the largest nationalised banks in India. Over the previous five years, the Company have implemented a business process transformation and re-engineering (“BPR”) programme, which has contributed to becoming the fastest growing HFC among the leading HFCs in India as of March 31, 2015, according to the IMaCS Report. The Company offers its customers “housing loans” for the purchase, construction, extension or improvement of residential properties or for the purchase 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, if required; 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”), which are general purpose loans to developers and/or corporate for purposes of on-going projects or business needs. The 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. The Company also offers housing loans in the form of construction finance loans to real estate developers of residential housing.

Object of the Issue

The Company intends to utilize the Net Proceeds towards the following:

(i) Augment its capital base to meet future capital requirements; and (ii) General corporate purpose.

In addition, the Company believes that listing of its Equity Shares will enhance its visibility and brand name among existing and potential customers.

Peer Group Company

Housing Development Finance Corporation Limited LIC Housing Finance Limited Indiabulls Housing Finance Limited Gruh Finance Limited Dewan Housing Finance Limited Repco Home Finance Limited

Issue opens: Tuesday, October 25, 2016

Issue closes: Thursday, October 27, 2016

Price Band: Rs. 750 – Rs. 775 Discount Discount of Rs. 75/- to PNB HFC Employees

Bid Lot: 19 Equity Shares and in multiples thereafter

Face Value: Rs.10 /-

Listing: BSE & NSE

Registrar: Link Intime India Private Limited

Payment: Compulsorily ASBA Mode

  

Fresh Issue: ` 3000 Crs. Employee Reservation Portion: 250,000 Equity Shares

 

  

Net Offer Break up:  

Category Allocation Issue Size ( ` in Crs) at

Lower Band Upper Band QIB 50% 1490.31 1490.62 NIB 15% 447.09 447.19

Retail 35% 1043.22 1043.44

Total Net Offer 100% 2980.62 2981.25

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