Tuesday, October 18, 2016

PNB Housing Finance IPO to open on Oct 25th

PNB Housing Finance Ltd is entering in the capital markets with an initial public offering, IPO aggregating up to Rs. 3000 Crores. The price band for the issue has been fixed at Rs 750 at lower level and Rs 775 at upper level.

PNB Housing Finance Ltd, a subsidiary of Punjab National Bank offers housing loans to individuals and corporate bodies for the construction, purchase, repair, and upgradation of houses, as well as loans for commercial space, purchase of residential plots, loan against properties, and loans for real estate developers.

The issue opens on Oct 25, 2016 and closes for subscription on Oct 27, 2016. The equity shares of the issue are proposed to be list on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).