PNB Housing Finance Ltd.

Incorporated in 1988, PNB Housing Finance Ltd, a subsidiary of Punjab National Bank offers housing loans to individuals and corporate bodies for the 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. Information in this paragraph is provided by chittorgarh.com, India's No. 1 IPO Investment Portal.Company's target customers for housing loans are salaried customers, whose main source of income is salary from their employment, and self-employed customers, whose main source of income is their profession or their business. Visit chittorgarh.com for more detail.They also offer housing loans in the form of construction finance loans to real estate developers of residential housing.The company has Pan India presence in more than 40 locations through a network of 48 branches. Company’s 16 hubs are located at New Delhi, Bengaluru, Chandigarh, Chennai, Noida, Jaipur, Dehradun, Lucknow, Kolkata, Cochin, Coimbatore, Mumbai, Pune, Ahmedabad, Indore and Hyderabad which support branch operations. The company provides doorstep service for its products via Direct Sales Team (DST) channel. Other than the DST channel, company’s Home Loan and Loan against Property business is also sourced via Direct Marketing Associates (DMA) and Digital Medium.Competitive Strengths:1. Fifth largest HFC in India and the fastest growing HFC among the leading HFCs in India2. Strong distribution network with deep penetration of key Indian urban centres3. Scalable operating model and centralised and streamlined operational structure4. Access to diversified and cost-effective funding sources5. Diversified product offering with specific focus on self-employed customers6. Customer-centric approach resulting in strong brand recognition7. Prudent credit underwriting, monitoring and collection processes8. Managed by experienced and qualified professionals with strong industry expertise9. Support from their parent and promoter PNB

PNB Housing Finance Ltd. proposes to utilise the net proceeds from the Issue for the following objects: