IPO

IPO: PNB Housing Finance Limited

Company & Business Profile

PNB Housing Finance Limited (“PNBHF”) was incorporated” on November 11, 1988, as “PNB Housing Finance Private Limited” is a wholly owned subsidiary of Punjab National Bank (“PNB”). PNBHF is registered as a Housing Finance Company (“HFC”) with the NHB on July 31, 2001.

PNBHF is the 5th largest HFC in India and fastest growing HFC among the leading HFCs in India as of March 31, 2015. The company offers a range of housing and non-housing loan products to meet the needs of their customers.

Their loan portfolio grew at a CAGR of 61.76% from Rs.3,969.66 Crores as of March 31, 2012 to Rs.27,177.27 Crores as of March 31, 2016. As of June 30, 2016, the loan portfolio had further increased to Rs.30,900.64 Crores. As of March 31, 2016, PNBHF has 47 Branches that were supported by 16 Processing Hubs (which includes 3 co-located zonal offices) and their Central Support Office (“CSO”) in New Delhi.

In December 2009, the company entered into an agreement with PNB and Destimoney Enterprises Limited (“DEL”), pursuant to which DEL acquired 26% of the Equity Share capital of the company. Subsequently, through a series of transactions, DEL subscribed to additional equity shares in the company and increased its stake to 49% of the equity share capital of the company. In February 2015, DEL was sold to Quality Investments Holding, a company incorporated in Mauritius, owned and controlled by CAP IV AIV Mauritius Ltd and CAP IV Coinvest AIV Mauritius Ltd, which has an investment advisory arrangement with affiliates of the Carlyle Group, L.P.

Objects of the Issue 

  • Augment the capital base to meet their future capital requirements.
  • General corporate purpose and
  • Enhance visibility and brand name among existing and potential customers.

 Listing

The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Apply in IPO now in ASBA mode, to apply call us at 0731-4217261.

Arihant Team
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