At the end of the day, the institutional category was subscribed 86.2 times
PNB Housing Finance's IPO, which closes today, opens up new possibilities, but comes with lock-in and other conditions
PNB Housing' Rs 3,000-crore IPO closes on Thursday, while the Rs 1,100-crore issue of Varun Beverages will remain open till Friday
The company is seeking to raise Rs 3,000 crore through the IPO
Interview with MD, PNB Housing Finance
Price band for the issue set between Rs 750-775
Indian companies have raised $2.9 billion through IPOs in the first nine months of this year
The leading housing finance firm had filed IPO papers with Sebi in July and got final approval last week
PNB Housing Finance would be using the proceeds from the share sale mainly towards augmenting its capital base
Punjab National Bank's housing finance subsidiary has started the process of getting listed through an initial public offer (IPO) of equity
The proceeds from the IPO will be used for growth of the company
It has become the first housing finance company to successfully issue green bonds.