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Business News » Companies News

PNB Housing Finance IPO subscribed 30 times

Exchange data show that the company received bids for 82,96,17, 824 shares against the 2,80,77,500 equity shares on offer. 

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 PNB Housing Finance IPO subscribed 30 times
PNB Housing Finance IPO saw 29.55 times bids for its initial public offer (IPO). Photo: Zeebiz WebDesk

PNB Housing Finance IPO saw 29.55 times bids for its initial public offer (IPO). 

Exchange data show that the company received bids for 82,96,17, 824 shares against the 2,80,77,500 equity shares on offer. 

Qualified institutional buyers oversubscribed the issue by 37.33 times with 29,68,68,008 shares bid for 79,52,500 shares on offer. 

Non-institutional investors subscribed 86.17 times while retail investors oversubscribed the issue by 1.35 times. 

Exchange data show that the company received bids for 82,96,17, 824 shares against the 2,80,77,500 equity shares on offer. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
PNB Housing FinancePNB Housing Finance IPOInitial Public Offer (IPO)Investmentnon-bank financial companies (NBFCs)Qualified Institutional Buyers (QIBs)Punjab National Bank (PNB)
Written By: ZeeBiz WebTeam
Updated: Fri, Oct 28, 2016
11:00 am
Mumbai, ZeeBiz WebDesk
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