 "PNB Housing Finance to make stock market debut on Monday")
PNB Housing Finance, which recently closed its initial public offer (IPO), will make its stock market debut on Monday.
The Rs 3,000-crore IPO was oversubscribed 29.55 times during October 25-27.
The qualified institutional buyers (QIBs) category was oversubscribed 37.33 times and that of non institutional investors 86.17 times.
The company had fixed the price band at Rs 750-775 per share for the offer.
Kotak Mahindra Capital Company, DSP Merrill Lynch, JM Financial Institutional Securities, J P Morgan and Morgan Stanley were the global coordinators and book running lead managers for the issue.
This was the 23rd company to hit the market with its IPO so far this year.
The Rs 3,000-crore IPO was oversubscribed 29.55 times during October 25-27.
The qualified institutional buyers (QIBs) category was oversubscribed 37.33 times and that of non institutional investors 86.17 times.
Also Read
Retail investors portion was also oversubscribed 1.35 times.
The company had fixed the price band at Rs 750-775 per share for the offer.
Kotak Mahindra Capital Company, DSP Merrill Lynch, JM Financial Institutional Securities, J P Morgan and Morgan Stanley were the global coordinators and book running lead managers for the issue.
This was the 23rd company to hit the market with its IPO so far this year.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%