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.

PNB Housing Finance surges 14% on market debut
The company got listed at Rs 860, a premium of 11% from the issue price of Rs 775. Photo: IANS
Written By: ZeeBiz WebTeam
Updated: Mon, Nov 07, 2016
10:30 am
Mumbai, ZeeBiz WebDesk
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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.

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