PNB Housing Finance limited has fixed a price band of Rs 750 – Rs775 for its initial public offering (IPO) of Rs 3,000 crore.
The issue is a fresh issue of shares and opens for subscription on Tuesday, October 25,
The issue also includes an employee reservation portion of 2.5 lakh shares and closes on Thursday, October 27.
The minimum bid lot is 19 equity shares and in multiples of 19 equity shares thereafter. An employee discount of Rs 75 per equity share to the issue price may be offered to eligible employees bidding in the Employee Reservation Portion.
The equity shares offered through the issue are proposed to be listed on the NSE and the BSE.
The book running lead managers to the issue are Kotak Mahindra Capital Company Limited, DSP Merrill Lynch Limited, JM Financial Institutional Securities Ltd, J. P. Morgan India and Morgan Stanley India.