PNB Housing Finance IPO – complete review
PNB Housing Finance Ltd is the fifth largest housing finance company promoted by Punjab National Bank (PNB). The company is engaged in housing loan finance business having 51:49 investments from PNB and Carlyle Group. The Company conducts operations through an operating model which included 47 branches across the northern, western and southern regions of India and 16 processing hubs. Its distribution network included over 7,110 channel partners across different locations in India. PNB Housing Finance will open its public share sale on October 25 aiming to raise Rs 3,000 crore in what will be the second largest issue in 2016. The company has set a price band at Rs 750-775 per share valuing it at close to Rs 13,000 crore. IPO Details Subscription Dates 25 th – 27 th October 2016 Price Band Rs. 750- 775/- Total IPO Size Rs. 3000 crore only Minimum bid (lot size) 19 shares Face value of s