PNB Housing Finance sets IPO price band between Rs 750-775 per share
PNB Housing, owned by Punjab National Bank and private equity firm Carlyle Group LP , is looking to sell between 38.7 million and 40 million new shares in an indicative range of 750-775 rupees, added IFR, a Thomson Reuters publication. That would put the IPO at up to 30 billion rupees ($450 million).
- Offer to open October 25 and close on October 27
- Will offer 40 million new shares
Mortgage company PNB Housing Finance Ltd is seeking to raise up to $450 million in an initial public offering, IFR reported on Tuesday, citing a term sheet of the transaction.
PNB Housing, owned by Punjab National Bank and private equity firm Carlyle Group LP , is looking to sell between 38.7 million and 40 million new shares in an indicative range of 750-775 rupees, added IFR, a Thomson Reuters publication. That would put the IPO at up to 30 billion rupees ($450 million).
ALSO READ: PNB Housing Finance will be 17th IPO of this year; to raise Rs 2,500 crore
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.
RECOMMENDED STORIES
10:46 AM IST
PNB Housing Finance will be 17th IPO of this year; to raise Rs 2,500 crore
PNB reports Rs 5,367 crore fourth quarter loss as bad loans surge