PNB Housing Finance IPO subscribed 29.5 times

1459940911-5252The initial public offering (IPO) of PNB Housing Finance was subscribed 29.55 times on Thursday, the final day of the issue.

The IPO has received bids for 82,91,97,506 shares as against the total issue size of 2,80,77,500 shares, as per NSE data.

According to NSE data, the institutional investor category was subscribed 37.3 times, while the non-institutional category, received bids for 86.1 times the portion reserved for the category.

Kotak Investment Banking, Bank of America Merrill Lynch, JM Financial, JPMorgan, and Morgan Stanley are the book-running lead managers for the issue.

 





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