PNB Housing Finance Limited, founded in 1988, is a subsidiary of Punjab National Bank. Both individuals and businesses can apply for housing loans for the construction, learning, repair, and remodeling of their homes, as well as loans for commercial space, the purchase of residential plots, loans against properties, and loans for real estate developers.
The company targets its housing loan services to clients such as salaried persons, whose primary source of income is the salary from their employment, and self-employed customers, whose primary source of income is their profession or business. They additionally offer housing loans in the form of construction finance loans to residential real estate developers. Through a network of 48 branches, the organization has a presence in over 40 sites across India. The company’s 16 hubs, which support branch operations, are located in New Delhi, Bengaluru, Chandigarh, Chennai, Noida, Jaipur, Dehradun,
Lucknow, Kolkata, Cochin, Coimbatore, Mumbai, Pune, Ahmedabad, Indore, and Hyderabad. The Direct Sales Team (DST) channel is used by the corporation to give doorstep service for its products. Aside from DST, the company’s Home Loan and Loan against Property business is recruited through Direct Marketing Associates (DMA) and Digital Medium.
Objects of the Issue:
The Company intends to utilize the Net Proceeds from the Issue towards funding of the following objects:
- Augmenting our capital base;
- General corporate purposes.
PNB Housing Finance Rights Issue Detail
| Issue Open | Apr 13, 2023 – Apr 27, 2023 |
| Security Name | PNB Housing Finance Limited |
| Issue Size (Shares) | 90,681,828 |
| Issue Size (Amount) | ₹2,493.76 Crores |
| Issue Price | ₹275 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| Terms of Payment | The entire amount of the Issue Price of Rs. 275 per Rights Equity Share shall be payable at the time of Application. |
| Entitlement | 29 Rights Equity Share(s) for every 54 fully paid-up Equity Shares held on Record Date |
PNB Housing Finance Rights Issue Issue Timetable
| Last Date to buy shares | Apr 3, 2023 |
| Record Date | Apr 5, 2023 |
| Credit of Rights Entitlements | Apr 12, 2023 |
| Bid/Offer Opens On | Apr 13, 2023 |
| Renunciation of Rights Entitlements | Apr 24, 2023 |
| Bid/Offer Closes On | Apr 27, 2023 |
| Deemed Date of Allotment | May 12, 2023 |
| Credit Date | May 15, 2023 |
| Listing Date | May 17, 2023 |
PNB Housing Finance Limited Financial Information (Restated Consolidated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 65,729.61 | 6,200.73 | 836.48 |
Company Contact Information
PNB Housing Finance Limited
9th Floor, Antriksh Bhavan,
22 Kasturba Gandhi Marg,
New Delhi – 110 001
Phone: 011 – 23736857
Email: [email protected]
Website: http://www.pnbhfl.com
PNB Housing Finance Rights Issue Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in
PNB Housing Finance Rights Issue Lead Manager(s)
- Axis Capital Limited
- Bnp Paribas
- Bofa Securities India Limited
- J.P. Morgan India Private Limited
PNB Housing Finance Rights Issue FAQs
Q1. When is PNB Housing Finance Rights Issue coming?
Ans. The PNB Housing Finance Rights Issue opens on Apr 13, 2023, and closes on Apr 27, 2023.
Q2. What is the issue price for PNB Housing Finance Rights Issue?
Ans. PNB Housing Finance Rights Issue price is set at ₹275 per share per equity share.
Q3. In what ratio is the PNB Housing Finance Rights Issue offered?
Ans. The eligible shareholders are being offered 29 Rights Equity Share(s) for every 54 fully paid-up Equity Shares held on Record Date (Apr 5, 2023).
Q4. What is the record date for PNB Housing Finance Rights Issue?
Ans. The record date for the PNB Housing Finance Rights Issue is Apr 5, 2023.
Q5. What is the issue size of PNB Housing Finance Rights Issue?
Ans. The issue size of PNB Housing Finance Rights Issue is of 90,681,828 equity shares at ₹275 per share aggregating upto ₹2,493.76 Crores.
Q6. How to apply for PNB Housing Finance Rights Issue?
Ans. You can apply for PNB Housing Finance Rights Issue in two ways:
- Net Banking (ASBA)
- Registrar’s Website (R-WAP Facility)
Steps to apply for PNB Housing Finance Rights Issue using Net Banking (ASBA)
- Log in to the net banking account of your bank.
- Go to the ‘IPO & Rights Issue’ section.
- Check if the PNB Housing Finance Rights Issue available on the list.
- Click the Apply button next to the PNB Housing Finance Rights Issue.
- Fill and check your information.
- Submit the application.
Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.
Steps to apply for PNB Housing Finance Rights Issue using Registrar’s website (R-WAP)
- Visit registrar’s website
- Go to the ‘Rights Issue’ section
- Select PNB Housing Finance Rights Issue from the dropdown.
- Enter Demat Account Number.
- Fill the online application form.
- Validate and submit the application.
