Disqus for www.money99.in

Wednesday 26 October 2016

PNB Housing IPO subscribed 20% on Day 1 : 26 Oct 2016

PNB Housing Finance's IPO was subscribed 20 per cent on the first day of the three-day bidding yesterday, reported PTI.

The Rs 3,000-crore IPO received bids for 55,72,111 shares against the total issue size of 2,80,77,500 shares, data available with the NSE till showed.

The portion for qualified institutional buyers (QIBs) was subscribed 35 per cent and that of noninstitutional investors 8 per cent.

The retail investor's category was subscribed 17 per cent.

The initial public offer (IPO) attracted more than 75,000 applications on the first day.

PNB Housing Finance has raised over Rs 894 crore by allotting shares to anchor investors.

Promoted by Punjab National Bank, the company is seeking to raise Rs 3,000 crore through the (IPO). The issue closes on October 27.

The company has fixed the price band at Rs 750-775.

Kotak Mahindra Capital Company, DSP Merrill Lynch, JM Financial Institutional Securities, J P Morgan and Morgan Stanley are the global coordinators and book running lead managers for the issue.


Parag Patil is a technical analyst and trading system designer with stock excel programmer. I hope the articles and live chart of nse future and mcx on this Website will be as helpful and profitable to you . I try to update and post new articles tips everyday. My motto is to encourage the traders, so that they should able to understand the technique views behind the moment of stocks. I have deeply analyzed with many technical indicator with parameter and added to my amibroker afl. And even taken backtest report which is never being implemented. Any of the analyst expect me. Seeing all this you may understand that my views is more technical than commercial. If you are profited by my views I fill happy.

0 comentários:

Dear Friends,
Sorry to say that you are suffered for the chart initially available, now they are restored and you can very well see the chart on money99.org similar to money99.in.
And all of you are intimated that we are going to develop more and more in money99.org to facilitate your dreamy demands.

Disqus for www.money99.in

Recent Posts

© Copyright 2015 Money99. Designed by Parag Patil