 "PNB Housing, Varun Beverages to debut in stock market this week")
Punjab National Bank (PNB) Housing Finance and Varun Beverages, which recently concluded their initial public offerings, will make their stock market debuts this week.
PNB Housing Finance, promoted by Punjab National Bank, and PepsiCo's largest franchise bottler Varun Beverages will list their shares on Monday and Tuesday, respectively.
The housing finance firm's Rs 3,000-crore IPO, which opened for subscription on October 25-27, was oversubscribed 29.55 times at a price band of Rs 750-775 per share.
The portion set aside for qualified institutional buyers (QIBs) was subscribed 37.33 times while the non-institutional investor quota received 86.17 times subscription. The quota for retail investors was oversubscribed 1.35 times.
The Rs 1,112.50-crore IPO of Varun Beverages was subscribed 1.86 times at a price band of Rs 440-445. The public issue was open during October 26-28.
Shares reserved for QIBs received bids 4.94 times while the subscription of non-institutional investors came in at 42%. The retail investor quota was subscribed 79%.
So far this year, as many as 22 companies got listed on the stock exchanges.
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