Ravi-Varanasi,CEO---SBU-EduINVC NEWS
New Delhi,

PNB Housing Finance Limited (the “Company” or “Issuer”) opened on Tuesday, October 25, 2016, an Initial Public Offering of Equity Shares of Face Value of Rs. 10 each (“Equity Shares”) for cash including a share premium at a Price Band from Rs. 750 to Rs. 775 per Equity Share aggregating up to Rs. 30,000 million (the “Issue”). The Issue included a reservation of 250,000 Equity Shares for subscription by eligible employees (as defined in the Red Herring Prospectus dated October 15, 2016) not exceeding 5% of the post-Issue paid up equity share capital (“Employee Reservation Portion”). The Issue less the Employee Reservation Portion is hereinafter referred to as the “Net Issue”. The Issue closed on Thursday, October 27, 2016. The minimum Bid lot was 19 Equity Shares and in multiples of 19 Equity Shares thereafter.  An Employee Discount of Rs. 75 per Equity Share to the Issue Price was offered to Eligible Employees bidding in the Employee Reservation Portion.

The Equity Shares offered through the Issue were proposed to be listed on National Stock Exchange of India Limited (“NSE”) and BSE Limited (“BSE”).

The GCBRLMs to the Issue are Kotak Mahindra Capital Company Limited, DSP Merrill Lynch Limited, JM Financial Institutional Securities Limited, J. P. Morgan India Private Limited and Morgan Stanley India Company Private Limited.

The Issue was subscribed 20.41 times – the Qualified Institutional Bidders (QIB) portion was subscribed 38.59 times; the Non Institutional Bidders portion was subscribed 80.25 times; Retail Individual Investors portion was subscribed 1.36 times; and Anchor Investors Portion was subscribed 1.03 times.

Incorporated in 1988, PNB Housing finance is the fastest growing Housing finance company in the country. It is the 5th largest Housing Finance Company by way of asset size and 2nd largest by deposit book size. With a vision to make every Indian realize his or her dream of owning a home, the company offers array of home loan products aptly complemented by a customer friendly service and robust delivery model that makes the entire loan cycle a pleasant experience for their customers.


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