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Right Issue Status: Closed [13th Apr 2023 to 27th Apr 2023]
PNB Housing Finance Limited offers Right Issue size of 90,681,828 equity shares worth of Rs 2493.76 Cr. The subscription for this Rights Issue is opening from 13 Apr 2023 to 27 Apr 2023. The company issues 29 Rights equity shares for every fully paid-up 54 equity shares held on the record date of 05 Apr 2023. The face value of a share is Rs.10 per share and the right issue price is fixed at Rs. 275 per share.
Stay updated with us to know more about the PNB Housing Finance Limited Right Issue Details 2023 including issue size, right issue entitlement, terms of payment, and more.
The Company intends to utilize the Net Proceeds from the Issue towards funding of the following objects:
| PNB Housing Finance Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 9.07 Cr Shares |
| Right Issue Issue Size (Amount) | ₹2493.76 Cr |
| Face Value | ₹10 Per Equity Share |
| Right Issue - Issue Price | ₹275 per share |
| Right Issue Record Date | 5th Apr 2023 |
| Right Issue Entitlement | 29 Rights Equity Share(s) for every 54 fully paid-up Equity Shares held on Record Date |
| Right Issue 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. |
| Listing At | BSE, NSE |
| BSE Code | 540173 |
| NSE Code | PNBHOUSING |
In this section we have covered all important dates related to PNB Housing Finance Right Issue. Dates are updated as they are announced. The most noted dates are Right Issue start date and Right Issue end date, which one should use to participate in Right Issue.
| Right Issue Activity | Date |
|---|---|
| Right Issue Issue Open Date | 13th Apr 2023 |
| Right Issue Issue Close Date | 27th Apr 2023 |
| Basis of Allotment Finalisation Date* | 12th May 2023 |
| Refunds Initiation* | 24th Apr 2023 |
| Credit of Shares to Demat Account* | 15th May 2023 |
| Right Issue Listing Date* | 17th May 2023 |
* - Tentative Dates
Zerodha Trade@20
PNB Housing Finance Limited was incorporated in Nov 1988. They have been operating in the Indian housing finance industry for over three decades through their pan-India network. The portfolio of products primarily consists of retail loans, which include a range of individual housing loans, loans against property, and non-residential premises loans. Their portfolio also includes corporate loans (construction finance, lease rental discounting and corporate term loans). Its promoter is Punjab National Bank (PNB), a nationalised bank and financial institution engaged in the business of providing a range of banking and financial services in India.
PNB Housing Finance provides its customers with an omni-channel platform to avail their product offerings through its branches, outreach centres, decision-making hubs, contact centres and channel partners, each of which are integrated with our online channel that includes their website and mobile application. Digitisation and innovation remain at the forefront of their evolution as a digital solutions service provider in the housing finance industry, and to support our growing retail lending portfolio. They aim to optimise their operating model through strategic digital interventions and a customer-friendly, tech-enabled and cost-efficient approach, which they believe is central to the diverse product portfolio that they offer to their customers.
They have targeted both the salaried and self-employed segments in our overall retail business, focusing specifically on the salaried segment for home loans, and on the self-employed segment for loans against property. To broaden our customer reach, they have also entered into co-lending partnerships with banks. Under these arrangements, as the front-ending lender, they believe that offer cost-efficient distribution and quality underwriting of loans.
Past performance and financial results of PNB Housing Finance.
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 65,729.61 | 6,200.73 | 836.48 |
| Amount in ₹ Crore | |||
The table below is live update of Right Issue bidding details from NSE and BSE.
PNB Housing Finance Right Issue Offer Document (Letter of Offer) >>Document
PNB Housing Finance Right Issue Offer Document (Letter of Offer) >>PNB Housing Finance Right Issue Red Herring Prospectus is not yet available.
PNB Housing Finance Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
PNB Housing Finance Right Issue Online Application (Registrar & Transfer Agent) >>PNB Housing Finance Right Issue RTA information is not yet available.
Last Updated on 2023-04-30T03:30:45+00:00
