PNBHF commands Rs. 30,000-cr order book

PNB Housing Finance, which is the country's fifth largest housing finance company in the country commanding a loan book of Rs. 30,901-cr as of June, this year, is all set to raise Rs. 3,000-cr through IPO from long-term investors to participate in the country's growing housing finance market. With over 47 branches and 18 processing hubs across the country covering North, South and West zones account for 40%, 30% and 30% of the loan book, respectively. Of this, 70% is from housing loans and the rest is from loan against property (LAP), lease rental discounting, construction finance, and corporate term loans. In the housing loan segment, retail loans constitute 86%. The average ticket size of retail loans is about Rs.32 lakhs and the bank sees it going down as it expands. The in-house sales channel brings in 55% of the business while direct marketing accounts for the rest. Financials PNBHF's loan book grew 62% annually between FY12 and FY16.