PNB Finance Unlisted Shares
PNB Finance and Industries Limited is an established Indian financial services company, with a legacy of prudent investment policies and diversified financial offerings. With a lineage connected to Punjab National Bank, it operates independently to offer risk-minimized investment opportunities, financing solutions, and portfolio management services. The company focuses on safeguarding investor capital while maximizing returns through disciplined financial strategies and governance. Headquartered in India, PNB Finance continues expanding its reach and solidifying its market reputation by maintaining robust compliance and transparency standards.
Key Areas of Focus
| Focus Area | Details |
| Capital Preservation | Policies prioritize liquidity and safety |
| Diversified Investments | Strategic asset allocation across sectors |
| Governance and Compliance | Strict adherence to corporate governance |
| Risk Mitigation | Risk assessment and minimization policies in place |
| Shareholder Value | Ensuring high returns while mitigating principal risk |
| Digital Transformation | Strengthening digital processes for better accessibility |
Business Operations and Market Position
| Aspect | Details |
| Core Operations | Lending, investment, portfolio management |
| Target Clientele | Individual, institutional, and corporate investors |
| Competitive Edge | High compliance, risk-mitigated returns, legacy status |
| Market Standing | Niche player with legacy network |
| Geographical Reach | Nationwide presence via digital and physical network |
Core Product Portfolio
| Product/Service | Description |
| Working Capital Finance | Short-term operational liquidity for businesses |
| Project Finance | Funding for infrastructure, manufacturing projects |
| Corporate Loans | Term loans and customized credit solutions |
| Export/Import Finance | Bill financing and receivables coverage |
| Investment Solutions | Investment options across diversified asset classes |
Manufacturing Capabilities and Expansion Plans
| Capability/Plan | Details |
| Investment in Infrastructure | Financing and supporting industrial/manufacturing clusters |
| Credit for MSMEs | No-collateral loans, project-specific funding for small businesses |
| Digital Lending Platform | Streamlined loan processing for businesses, ongoing upgrades |
| Future Expansion | Focus on digital transformation and pan-India outreach |
Promoters or Management
| Name | Role/Designation |
| Board of Directors | Includes financial, legal and management experts |
| Key Executives | Seasoned professionals with expertise in BFSI sector |
| Promoter | Punjab National Bank (significant minority stake) |
Financial (In Cr)
Income Statement Balance Sheet Cash Flow
| P&L Statement | 2023 | 2024 | 2025 |
| Revenue | – | 1.1 | – |
| Cost of Material Consumed | – | – | – |
| Gross Margins | – | 100 | – |
| Change in Inventory | – | – | – |
| Employee Benefit Expenses | 0.57 | 0.7 | 0.84 |
| Other Expenses | 2.7 | 2 | 0.8 |
| EBITDA | -3.27 | -1.6 | -1.64 |
| OPM | – | -145.45 | – |
| Other Income | 11 | 10 | 10.5 |
| Finance Cost | – | – | 0.01 |
| D&A | – | – | – |
| EBIT | -3.27 | -1.6 | -1.64 |
| EBIT Margins | – | -145.45 | – |
| PBT | 7.16 | 8.6 | 8.9 |
| PBT Margins | – | 781.82 | – |
| Tax | 1.1 | 1.4 | 1.7 |
| PAT | 6.06 | 7.2 | 7.2 |
| NPM | – | 654.55 | – |
| EPS | 18.94 | 22.5 | 22.5 |
| Financial Ratios | 2023 | 2024 | 2025 |
| Operating Profit Margin | – | -145.45 | – |
| Net Profit Margin | – | 654.55 | – |
| Earning Per Share (Diluted) | 18.94 | 22.5 | 22.5 |
BALANCE SHEET
| Assets | 2023 | 2024 | 2025 |
| Fixed Assets | – | – | – |
| CWIP | – | – | – |
| Investments | 1920 | 3317 | 3797 |
| Trade Receivables | – | 1 | – |
| Inventory | – | – | – |
| Other Assets | 17 | 14 | 18 |
| Total Assets | 1937 | 3332 | 3815 |
| Liabilities | 2023 | 2024 | 2025 |
| Share Capital | 3.2 | 3.2 | 3.2 |
| FV | 10 | 10 | 10 |
| Reserves | 1530 | 2626 | 3292 |
| Borrowings | – | – | – |
| Trade Payables | 0.25 | 0.02 | 0.15 |
| Other Liabilities | 403.55 | 702.78 | 519.65 |
| Total Liabilities | 1937 | 3332 | 3815 |
CASH FLOW
| Cash-Flow Statement | 2023 | 2024 | 2025 |
| PBT | 7.16 | 8.6 | 8.9 |
| OPBWC | -3.41 | 1.7 | -1.59 |
| Change in Receivables | – | -1.18 | 1.18 |
| Change in Inventories | – | – | – |
| Change in Payables | 0.21 | 0.23 | 0.12 |
| Other Changes | -0.02 | -6.95 | -0.16 |
| Working Capital Change | 0.19 | -7.9 | 1.14 |
| Cash Generated From Operations | -3.22 | -6.2 | -0.45 |
| Tax | -1.14 | -1.96 | -1.21 |
| Cash Flow From Operations | -4.36 | -8.16 | -1.66 |
| Purchase of PPE | – | – | – |
| Sale of PPE | – | – | – |
| Cash Flow From Investment | 6.47 | 6.06 | 1.62 |
| Borrowing | – | – | – |
| Dividend | – | – | – |
| Equity | – | – | – |
| Others From Financing | – | – | – |
| Cash Flow from Financing | – | – | – |
| Net Cash Generated | 2.11 | -2.1 | -0.04 |
| Cash at the Start | 0.04 | 2.18 | 0.08 |
| Cash at the End | 2.15 | 0.08 | 0.04 |
Shareholding Pattern
| Shareholding Pattern | 2023 | 2024 | 2025 |
| Bodies Corporates | 68.32% | 68.32% | – |
| Indian Public | 28.31% | 28.31% | – |
| Others | 3.37% | 3.37% | – |
FAQs – How to Buy or Sell PNB Finance Unlisted Shares
How can I buy PNB Finance Unlisted Shares?
You can buy PNB Finance unlisted shares via registered brokers dealing in unlisted securities. Engage in an off-market transfer through eligible platforms after completing the necessary KYC process.
What is the minimum lot size for PNB Finance Unlisted Shares?
Generally, the minimum lot size for PNB Finance unlisted shares is 100 shares. Some brokers may set a different minimum depending on demand and availability.
What documents are required for PNB Finance Unlisted Shares transactions?
Required documents include PAN card, Aadhaar, Demat account details, client-master list (CML), and a filled Delivery Instruction Slip (DIS) for transfer.
What is the current lock-in period for PNB Finance Unlisted Shares?
A six-month lock-in is applicable for pre-IPO shares per SEBI regulations, with the lock-in applicable post-listing for certain categories.
How are PNB Finance Unlisted Shares transferred between accounts?
Shares are transferred off-market using a DIS, filled and submitted to the depository participant (DP), after which the shares move from seller’s to buyer’s demat account.
What are the current valuation metrics for PNB Finance?
As shares are unlisted, valuation depends on bilateral negotiation. Recent indicative values consider book value, net asset value, or last transacted price.
What makes PNB Finance shares attractive for investment?
PNB Finance offers legacy credibility, robust risk controls, diversified investments, consistent compliance, and stable financials with dividend growth prospects.
What are the tax implications of PNB Finance Unlisted Shares transactions?
Short-term capital gains (≤24 months) are taxed as per applicable slab rates, while long-term (holding >24 months) gains incur 20% tax with indexation.
Can I pledge PNB Finance Unlisted Shares for loans?
Yes, provided your DP and lender accept unlisted shares as collateral, which is subject to lender’s risk assessment.
What is the outlook for PNB Finance’s IPO and exit opportunities?
An IPO timeline isn’t yet confirmed. However, if announced, it offers potential liquidity and exit for pre-IPO investors once listed.
