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.

The company got listed at Rs 860, a premium of 11% from the issue price of Rs 775. Photo: IANS

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.

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: