PNB Housing Finance surges 14% on market debut
Shares of PNB Housing Finance was trading at Rs 880 on BSE, soaring by 13.55% from its issue price of IPO.
Punjab National Bank’s subsidiary PNB Housing Finance registered a stellar debut on the stock exchanges today. Shares of PNB Housing Finance were trading at Rs 880 per share on BSE, soaring 13.55% from its issue price.
Nearly 7.92 lakh shares were traded on BSE during opening trade.
The company got listed at Rs 860 per share, a premium of 11% from the issue price of Rs 775.
Price Band of PNB Housing Finance IPO was fixed at Rs 750-755 per shares.
The IPO got oversubscribed by 29.55 times.