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IPO will correct our compressed return on assets: Sanjaya Gupta

Interview with MD, PNB Housing Finance

Indivjal Dhasmana  |  New Delhi 

The Rs 3,000-crore initial public offer (IPO, of equity) by PNB Housing Finance will hit the market on Tuesday. The shares are priced at Rs 750-775 each, on a face value of Rs 10. Sanjaya Gupta, managing director, on the pricing and other issues in a talk with Indivjal Dhasmana. Edited excerpts: How do you justify the Rs 750-775 price? It’s a discovered pricing, not determined by only gut feeling. We did a thorough anchor book building across the globe, along with the domestic market. We have five bankers. We have a very diverse audience. Demand was totally inelastic or not ...

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IPO will correct our compressed return on assets: Sanjaya Gupta

Interview with MD, PNB Housing Finance

Interview with MD, PNB Housing Finance The Rs 3,000-crore initial public offer (IPO, of equity) by PNB Housing Finance will hit the market on Tuesday. The shares are priced at Rs 750-775 each, on a face value of Rs 10. Sanjaya Gupta, managing director, on the pricing and other issues in a talk with Indivjal Dhasmana. Edited excerpts: How do you justify the Rs 750-775 price? It’s a discovered pricing, not determined by only gut feeling. We did a thorough anchor book building across the globe, along with the domestic market. We have five bankers. We have a very diverse audience. Demand was totally inelastic or not ... image
Business Standard
177 22

IPO will correct our compressed return on assets: Sanjaya Gupta

Interview with MD, PNB Housing Finance

The Rs 3,000-crore initial public offer (IPO, of equity) by PNB Housing Finance will hit the market on Tuesday. The shares are priced at Rs 750-775 each, on a face value of Rs 10. Sanjaya Gupta, managing director, on the pricing and other issues in a talk with Indivjal Dhasmana. Edited excerpts: How do you justify the Rs 750-775 price? It’s a discovered pricing, not determined by only gut feeling. We did a thorough anchor book building across the globe, along with the domestic market. We have five bankers. We have a very diverse audience. Demand was totally inelastic or not ...

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Business Standard
177 22