PNB Housing Finance Limited is a subsidiary of Punjab National Bank, incorporated in 1988. They provide housing loans to individuals and corporate bodies for various purposes, including 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. Their target customers include salaried individuals and self-employed customers. The company has a Pan India presence in over 40 locations through a network of 48 branches and 16 hubs. They offer doorstep service for their products through their Direct Sales Team channel, as well as through Direct Marketing Associates and digital media.
The company’s primary focus is to provide housing loans to customers in India, with a particular emphasis on salaried individuals and self-employed customers. They also offer construction finance loans to real estate developers for residential housing. The company has a widespread network of branches and hubs across the country to support its operations. They provide doorstep service to customers through their Direct Sales Team channel, and their products are also sourced through Direct Marketing Associates and digital media.
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 |
Company Financials
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 |
| Amount in ₹ Crore | |||
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 Documents
Company Contact Information
PNB Housing Finance Limited
9th Floor, Antriksh Bhavan,
22 Kasturba Gandhi Marg,
New Delhi – 110 001
Phone: 011 – 23736857
Email: loans@pnbhfl.com
Website: http://www.pnbhfl.com/
PNB Housing Finance Rights Issue Registrar
- Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: pnbhfl.rights@linkintime.co
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
