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PNB Housing Finance Limited IPO Update

PNB Housing Finance is coming out with its initial public offering (IPO) of Rs3,000 crore next week. It is India's fifth largest housing finance company (HFC) by loan portfolio and second largest HFC in terms of amount of deposits. Its parent and promoter is Punjab National Bank, which is one of the largest nationalised banks in India. The company's target customers for housing loans are salaried customers and self-employed customers.

The issue opens on October 25, 2016 and closes on October 27, 2016.

Issue details

Issuer : PNB Housing Finance Ltd
Price band : Rs750 to Rs775
Lot size : 19 equity shares and in multiples thereof
Employee discount : Rs75 per equity share to PNB Housing Finance employees
Issue size : Rs3,000 crore
Issue allocation : QIB - 50%, NIB - 15%, Retail - 35%
Mode of payment : ASBA mandatory (cheques will not be accepted)
Listing : Proposed to be listed on Bombay Stock Exchange and National Stock Exchange
GCBRLMs : Kotak Mahindra Capital Company Ltd, DSP Merrill Lynch Ltd, JM Financial Institutional Securities Ltd, J.P. Morgan India Private Ltd and Morgan Stanley India Co. Pvt Ltd
Registrar : Link Intime India Pvt Ltd

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