PNB Housing Finance files draft papers for Rs 2500cr IPO #manappuram #finance


#pnb housing finance

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PNB Housing Finance on July 5 approached SEBI for an initial public offer worth up to Rs 2,500 crore.

The leading housing finance firm, promoted by Punjab National Bank, would be using the proceeds from the share sale mainly towards augmenting its capital base.

According to the Draft Red Herring Prospectus (DRHP), the company plans to raise up to Rs 2,500 crore through the initial share sale and a portion would be reserved for the employees.

The housing finance company plans to utilise the proceeds to augment the company’s capital base and for general corporate purposes, as per the DRHP.

“We believe that the listing of our equity shares will enhance our visibility and brand name among existing and potential customers,” it added.

For the year ended March 2016, PNB Housing Finance reported a profit after tax of Rs 327.57 crore while revenue from operations stood at Rs 2,699.54 crore in the same period.

At the end of March 2016, PNB had 51 per cent stake in the company. Post IPO, it would “continue to hold approximately 35-37 per cent of the issued and paid-up share capital”, according to the DRHP.

Kotak Investment Banking, BofA Merrill Lynch, JM Financial, J P Morgan and Morgan Stanley are the global coordinators and book running lead managers for the proposed issue.

The company plans to grow business and loan portfolio by consolidating position in key geographies as well as by expanding into specific target markets such as the affordable housing segment.


Hinduja Leyland Finance files IPO papers to mop-up Rs 500 crore – The Economic Times on Mobile #finance #news #today


#ashok leyland finance

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Hinduja Leyland Finance files IPO papers to mop-up Rs 500 crore

The initial public offer comprises fresh issue of equity shares worth Rs 500 crore and an offer for sale up to 26,608,810 scrips by existing shareholders.

NEW DELHI: Hinduja Leyland Finance. an arm of Ashok Leyland. has filed draft papers with capital markets regulator Sebi to raise at least Rs 500 crore through the initial share sale.

The initial public offer (IPO) comprises fresh issue of equity shares worth Rs 500 crore and an offer for sale up to 26,608,810 scrips by existing shareholders.

The company is considering a pre-offer placement of up to 2.6 crore equity shares for an amount not exceeding Rs 200 crore.

“Hinduja Leyland Finance. a subsidiary company of Ashok Leyland has filed today the Draft Red Herring Prospectus (DRHP) with Sebi for the proposed initial public offering of equity shares,” Ashok Leyland in a regulatory filing to stock exchanges.

It has appointed Axis Capital, ICICI Securities, SBI Capital Markets and Yes Securities as the merchant bankers for the public issue.

Hinduja Leyland Finance, a non-banking finance company (NBFC), provides customised finance to utility vehicles, tractors, cars, two wheeler and other commercial vehicles, focusing on the semi-urban and rural sector.

Hinduja Leyland finance, part of Hinduja Group which has global presence in automobiles, energy, IT/ITES, banking and finance, media, entertainment and infrastructure.


Hinduja Leyland Finance files IPO papers to mop-up Rs 500 crore – The Economic Times on Mobile #finance #report


#ashok leyland finance

#

Hinduja Leyland Finance files IPO papers to mop-up Rs 500 crore

The initial public offer comprises fresh issue of equity shares worth Rs 500 crore and an offer for sale up to 26,608,810 scrips by existing shareholders.

NEW DELHI: Hinduja Leyland Finance. an arm of Ashok Leyland. has filed draft papers with capital markets regulator Sebi to raise at least Rs 500 crore through the initial share sale.

The initial public offer (IPO) comprises fresh issue of equity shares worth Rs 500 crore and an offer for sale up to 26,608,810 scrips by existing shareholders.

The company is considering a pre-offer placement of up to 2.6 crore equity shares for an amount not exceeding Rs 200 crore.

“Hinduja Leyland Finance. a subsidiary company of Ashok Leyland has filed today the Draft Red Herring Prospectus (DRHP) with Sebi for the proposed initial public offering of equity shares,” Ashok Leyland in a regulatory filing to stock exchanges.

It has appointed Axis Capital, ICICI Securities, SBI Capital Markets and Yes Securities as the merchant bankers for the public issue.

Hinduja Leyland Finance, a non-banking finance company (NBFC), provides customised finance to utility vehicles, tractors, cars, two wheeler and other commercial vehicles, focusing on the semi-urban and rural sector.

Hinduja Leyland finance, part of Hinduja Group which has global presence in automobiles, energy, IT/ITES, banking and finance, media, entertainment and infrastructure.


Hinduja Leyland Finance files IPO papers to mop-up Rs 500 crore – The Economic Times on Mobile #reliance #home #finance


#ashok leyland finance

#

Hinduja Leyland Finance files IPO papers to mop-up Rs 500 crore

The initial public offer comprises fresh issue of equity shares worth Rs 500 crore and an offer for sale up to 26,608,810 scrips by existing shareholders.

NEW DELHI: Hinduja Leyland Finance. an arm of Ashok Leyland. has filed draft papers with capital markets regulator Sebi to raise at least Rs 500 crore through the initial share sale.

The initial public offer (IPO) comprises fresh issue of equity shares worth Rs 500 crore and an offer for sale up to 26,608,810 scrips by existing shareholders.

The company is considering a pre-offer placement of up to 2.6 crore equity shares for an amount not exceeding Rs 200 crore.

“Hinduja Leyland Finance. a subsidiary company of Ashok Leyland has filed today the Draft Red Herring Prospectus (DRHP) with Sebi for the proposed initial public offering of equity shares,” Ashok Leyland in a regulatory filing to stock exchanges.

It has appointed Axis Capital, ICICI Securities, SBI Capital Markets and Yes Securities as the merchant bankers for the public issue.

Hinduja Leyland Finance, a non-banking finance company (NBFC), provides customised finance to utility vehicles, tractors, cars, two wheeler and other commercial vehicles, focusing on the semi-urban and rural sector.

Hinduja Leyland finance, part of Hinduja Group which has global presence in automobiles, energy, IT/ITES, banking and finance, media, entertainment and infrastructure.


PNB Housing Finance files draft red herring prospectus for IPO – The Economic Times on Mobile #car #finance #loan


#pnb housing finance

#

PNB Housing Finance files draft red herring prospectus for IPO

The leading housing finance firm would be using the proceeds from the share sale mainly towards augmenting its capital base.

MUMBAI: PNB Housing Finance. the housing finance arm of public sector lender Punjab National Bank has submitted a draft red herring prospectus in the run up to its planned initial public offering (IPO).

In May, Usha Ananthasubramanian, managing director of PNB had said that it intends to lower their stake to 51% in the profitable housing finance company.

However the bank would still retain its majority shareholding in the housing finance entity. According to media reports the company plans to raise around Rs 2000 crore through the offering.

PNB which had suffered a historic loss of Rs 5000 crore in the fourth quarter of FY16 is planning to raise some funds by liquidating its share in its housing finance subsidiary.

The company has appointed Kotak Investment Banking. Bank of America Meryll Lynch, JM Financial, JP Morgan, Morgan Stanley and Link Intime as investment bankers for the IPO.

The draft red herring prospectus says that the company has emerged as the fifth largest housing finance company in India.

Its total loan portfolio as on March 31 of this year stood at Rs 27,177 crore and generated revenue worth Rs 2700 crore.

The company operates through 47 branches and 16 operating hubs as of end of FY16.


PNB Housing Finance files draft papers for Rs 2500cr IPO #nyc #finance


#pnb housing finance

#

PNB Housing Finance on July 5 approached SEBI for an initial public offer worth up to Rs 2,500 crore.

The leading housing finance firm, promoted by Punjab National Bank, would be using the proceeds from the share sale mainly towards augmenting its capital base.

According to the Draft Red Herring Prospectus (DRHP), the company plans to raise up to Rs 2,500 crore through the initial share sale and a portion would be reserved for the employees.

The housing finance company plans to utilise the proceeds to augment the company’s capital base and for general corporate purposes, as per the DRHP.

“We believe that the listing of our equity shares will enhance our visibility and brand name among existing and potential customers,” it added.

For the year ended March 2016, PNB Housing Finance reported a profit after tax of Rs 327.57 crore while revenue from operations stood at Rs 2,699.54 crore in the same period.

At the end of March 2016, PNB had 51 per cent stake in the company. Post IPO, it would “continue to hold approximately 35-37 per cent of the issued and paid-up share capital”, according to the DRHP.

Kotak Investment Banking, BofA Merrill Lynch, JM Financial, J P Morgan and Morgan Stanley are the global coordinators and book running lead managers for the proposed issue.

The company plans to grow business and loan portfolio by consolidating position in key geographies as well as by expanding into specific target markets such as the affordable housing segment.


Hinduja Leyland Finance files DRHP for proposed IPO #car #finance #brisbane


#ashok leyland finance

#

Hinduja Leyland Finance files DRHP for proposed IPO

Comapny plans to raise around Rs 700 cr; Everstone may partially exit

Hinduja Leyland Finance, a subsidiary of Ashok Leyland, on Wednesday filed the red herring prospectus for its proposed IPO to raise Rs 700 crore, said S Nagarajan, managing director of Hinduja Leyland Finance.

Private equity firm Everstone, which has 13.4 per cent stake in the company, would make a partial exit through the IPO, company sources said. The PE firm had invested around Rs 200 crore in the company in 2013. There is an option for Everstone to sell 50 per cent of its stake in the IPO, the sources added.

Axis Capital, ICICI Securities, SBI Capital Markets and Yes Securities are the book running lead managers.

According to Nagarajan, the fund-raising is to support the company s growth. He, however, did not give any time frame for the proposed IPO, saying it will depend on market conditions.

Currently, the company s assets under management stand at around Rs 8,500 crore, up from Rs 6,500 crore last year.

The company said it would offer Hinduja Leyland Finance s shares with face value of Rs 10 each, consisting of a fresh issue of equity shares aggregating Rs 500 crore, and an offer for sale of up to 26,608,810 equity shares.

Hinduja Leyland Finance is a non-deposit taking non-banking financial company, incorporated in 2008. It has branches in 20 states in the country. Through its vast network of branches, it provides customised finance for the widest range of utility vehicles, tractors, cars, two-wheelers and other commercial vehicles, focusing on the semi-urban and rural sectors.

T E Narasimhan & Gireesh Babu

http://bsmedia.business-standard.com/_media/bs/wap/images/bs_logo_amp.png 177 22

Hinduja Leyland Finance files DRHP for proposed IPO

Hinduja Leyland Finance, a subsidiary of Ashok Leyland, on Wednesday filed the red herring prospectus for its proposed IPO to raise Rs 700 crore, said S Nagarajan, managing director of Hinduja Leyland Finance.

Private equity firm Everstone, which has 13.4 per cent stake in the company, would make a partial exit through the IPO, company sources said. The PE firm had invested around Rs 200 crore in the company in 2013. There is an option for Everstone to sell 50 per cent of its stake in the IPO, the sources added.

Axis Capital, ICICI Securities, SBI Capital Markets and Yes Securities are the book running lead managers.

According to Nagarajan, the fund-raising is to support the company s growth. He, however, did not give any time frame for the proposed IPO, saying it will depend on market conditions.

Currently, the company s assets under management stand at around Rs 8,500 crore, up from Rs 6,500 crore last year.

The company said it would offer Hinduja Leyland Finance s shares with face value of Rs 10 each, consisting of a fresh issue of equity shares aggregating Rs 500 crore, and an offer for sale of up to 26,608,810 equity shares.

Hinduja Leyland Finance is a non-deposit taking non-banking financial company, incorporated in 2008. It has branches in 20 states in the country. Through its vast network of branches, it provides customised finance for the widest range of utility vehicles, tractors, cars, two-wheelers and other commercial vehicles, focusing on the semi-urban and rural sectors.

Hinduja Leyland Finance files DRHP for proposed IPO

Comapny plans to raise around Rs 700 cr; Everstone may partially exit

Comapny plans to raise around Rs 700 cr; Everstone may partially exit Hinduja Leyland Finance, a subsidiary of Ashok Leyland, on Wednesday filed the red herring prospectus for its proposed IPO to raise Rs 700 crore, said S Nagarajan, managing director of Hinduja Leyland Finance.

Private equity firm Everstone, which has 13.4 per cent stake in the company, would make a partial exit through the IPO, company sources said. The PE firm had invested around Rs 200 crore in the company in 2013. There is an option for Everstone to sell 50 per cent of its stake in the IPO, the sources added.

Axis Capital, ICICI Securities, SBI Capital Markets and Yes Securities are the book running lead managers.

According to Nagarajan, the fund-raising is to support the company s growth. He, however, did not give any time frame for the proposed IPO, saying it will depend on market conditions.

Currently, the company s assets under management stand at around Rs 8,500 crore, up from Rs 6,500 crore last year.

The company said it would offer Hinduja Leyland Finance s shares with face value of Rs 10 each, consisting of a fresh issue of equity shares aggregating Rs 500 crore, and an offer for sale of up to 26,608,810 equity shares.

Hinduja Leyland Finance is a non-deposit taking non-banking financial company, incorporated in 2008. It has branches in 20 states in the country. Through its vast network of branches, it provides customised finance for the widest range of utility vehicles, tractors, cars, two-wheelers and other commercial vehicles, focusing on the semi-urban and rural sectors.

T E Narasimhan & Gireesh Babu

http://bsmedia.business-standard.com/_media/bs/wap/images/bs_logo_amp.png 177 22


PNB Housing Finance files draft papers for Rs 2500cr IPO #rim #finance


#pnb housing finance

#

PNB Housing Finance on July 5 approached SEBI for an initial public offer worth up to Rs 2,500 crore.

The leading housing finance firm, promoted by Punjab National Bank, would be using the proceeds from the share sale mainly towards augmenting its capital base.

According to the Draft Red Herring Prospectus (DRHP), the company plans to raise up to Rs 2,500 crore through the initial share sale and a portion would be reserved for the employees.

The housing finance company plans to utilise the proceeds to augment the company’s capital base and for general corporate purposes, as per the DRHP.

“We believe that the listing of our equity shares will enhance our visibility and brand name among existing and potential customers,” it added.

For the year ended March 2016, PNB Housing Finance reported a profit after tax of Rs 327.57 crore while revenue from operations stood at Rs 2,699.54 crore in the same period.

At the end of March 2016, PNB had 51 per cent stake in the company. Post IPO, it would “continue to hold approximately 35-37 per cent of the issued and paid-up share capital”, according to the DRHP.

Kotak Investment Banking, BofA Merrill Lynch, JM Financial, J P Morgan and Morgan Stanley are the global coordinators and book running lead managers for the proposed issue.

The company plans to grow business and loan portfolio by consolidating position in key geographies as well as by expanding into specific target markets such as the affordable housing segment.


PNB Housing Finance files draft red herring prospectus for IPO – The Economic Times on Mobile #finance #times


#pnb housing finance

#

PNB Housing Finance files draft red herring prospectus for IPO

The leading housing finance firm would be using the proceeds from the share sale mainly towards augmenting its capital base.

MUMBAI: PNB Housing Finance. the housing finance arm of public sector lender Punjab National Bank has submitted a draft red herring prospectus in the run up to its planned initial public offering (IPO).

In May, Usha Ananthasubramanian, managing director of PNB had said that it intends to lower their stake to 51% in the profitable housing finance company.

However the bank would still retain its majority shareholding in the housing finance entity. According to media reports the company plans to raise around Rs 2000 crore through the offering.

PNB which had suffered a historic loss of Rs 5000 crore in the fourth quarter of FY16 is planning to raise some funds by liquidating its share in its housing finance subsidiary.

The company has appointed Kotak Investment Banking. Bank of America Meryll Lynch, JM Financial, JP Morgan, Morgan Stanley and Link Intime as investment bankers for the IPO.

The draft red herring prospectus says that the company has emerged as the fifth largest housing finance company in India.

Its total loan portfolio as on March 31 of this year stood at Rs 27,177 crore and generated revenue worth Rs 2700 crore.

The company operates through 47 branches and 16 operating hubs as of end of FY16.


Hinduja Leyland Finance files DRHP for proposed IPO #ford #ka #finance


#ashok leyland finance

#

Hinduja Leyland Finance files DRHP for proposed IPO

Comapny plans to raise around Rs 700 cr; Everstone may partially exit

Hinduja Leyland Finance, a subsidiary of Ashok Leyland, on Wednesday filed the red herring prospectus for its proposed IPO to raise Rs 700 crore, said S Nagarajan, managing director of Hinduja Leyland Finance.

Private equity firm Everstone, which has 13.4 per cent stake in the company, would make a partial exit through the IPO, company sources said. The PE firm had invested around Rs 200 crore in the company in 2013. There is an option for Everstone to sell 50 per cent of its stake in the IPO, the sources added.

Axis Capital, ICICI Securities, SBI Capital Markets and Yes Securities are the book running lead managers.

According to Nagarajan, the fund-raising is to support the company s growth. He, however, did not give any time frame for the proposed IPO, saying it will depend on market conditions.

Currently, the company s assets under management stand at around Rs 8,500 crore, up from Rs 6,500 crore last year.

The company said it would offer Hinduja Leyland Finance s shares with face value of Rs 10 each, consisting of a fresh issue of equity shares aggregating Rs 500 crore, and an offer for sale of up to 26,608,810 equity shares.

Hinduja Leyland Finance is a non-deposit taking non-banking financial company, incorporated in 2008. It has branches in 20 states in the country. Through its vast network of branches, it provides customised finance for the widest range of utility vehicles, tractors, cars, two-wheelers and other commercial vehicles, focusing on the semi-urban and rural sectors.

T E Narasimhan & Gireesh Babu

http://bsmedia.business-standard.com/_media/bs/wap/images/bs_logo_amp.png 177 22

Hinduja Leyland Finance files DRHP for proposed IPO

Hinduja Leyland Finance, a subsidiary of Ashok Leyland, on Wednesday filed the red herring prospectus for its proposed IPO to raise Rs 700 crore, said S Nagarajan, managing director of Hinduja Leyland Finance.

Private equity firm Everstone, which has 13.4 per cent stake in the company, would make a partial exit through the IPO, company sources said. The PE firm had invested around Rs 200 crore in the company in 2013. There is an option for Everstone to sell 50 per cent of its stake in the IPO, the sources added.

Axis Capital, ICICI Securities, SBI Capital Markets and Yes Securities are the book running lead managers.

According to Nagarajan, the fund-raising is to support the company s growth. He, however, did not give any time frame for the proposed IPO, saying it will depend on market conditions.

Currently, the company s assets under management stand at around Rs 8,500 crore, up from Rs 6,500 crore last year.

The company said it would offer Hinduja Leyland Finance s shares with face value of Rs 10 each, consisting of a fresh issue of equity shares aggregating Rs 500 crore, and an offer for sale of up to 26,608,810 equity shares.

Hinduja Leyland Finance is a non-deposit taking non-banking financial company, incorporated in 2008. It has branches in 20 states in the country. Through its vast network of branches, it provides customised finance for the widest range of utility vehicles, tractors, cars, two-wheelers and other commercial vehicles, focusing on the semi-urban and rural sectors.

Hinduja Leyland Finance files DRHP for proposed IPO

Comapny plans to raise around Rs 700 cr; Everstone may partially exit

Comapny plans to raise around Rs 700 cr; Everstone may partially exit Hinduja Leyland Finance, a subsidiary of Ashok Leyland, on Wednesday filed the red herring prospectus for its proposed IPO to raise Rs 700 crore, said S Nagarajan, managing director of Hinduja Leyland Finance.

Private equity firm Everstone, which has 13.4 per cent stake in the company, would make a partial exit through the IPO, company sources said. The PE firm had invested around Rs 200 crore in the company in 2013. There is an option for Everstone to sell 50 per cent of its stake in the IPO, the sources added.

Axis Capital, ICICI Securities, SBI Capital Markets and Yes Securities are the book running lead managers.

According to Nagarajan, the fund-raising is to support the company s growth. He, however, did not give any time frame for the proposed IPO, saying it will depend on market conditions.

Currently, the company s assets under management stand at around Rs 8,500 crore, up from Rs 6,500 crore last year.

The company said it would offer Hinduja Leyland Finance s shares with face value of Rs 10 each, consisting of a fresh issue of equity shares aggregating Rs 500 crore, and an offer for sale of up to 26,608,810 equity shares.

Hinduja Leyland Finance is a non-deposit taking non-banking financial company, incorporated in 2008. It has branches in 20 states in the country. Through its vast network of branches, it provides customised finance for the widest range of utility vehicles, tractors, cars, two-wheelers and other commercial vehicles, focusing on the semi-urban and rural sectors.

T E Narasimhan & Gireesh Babu

http://bsmedia.business-standard.com/_media/bs/wap/images/bs_logo_amp.png 177 22