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The initial public offering of PNB Housing Finance was subscribed by 20 per cent on the day 1 of the IPO window. Punjab National Bank-promoted, housing finance firm is seeking to raise Rs 3,000 crore through the offer, at a price band of Rs 750-775 a share.
The issue closes for subscription on October 27.
The IPO received bids for 55.72 lakh shares as against 2.807 crore shares on offer, according to the update available with the stock exchanges.
Meanwhile, ahead of the IPO on Monday, the company raised Rs 894 crore from anchor investors. The shares were allotted to the anchor investors at Rs 775 a share.
Among them include SBI Life Insurance, HDFC, Axis MF, IDFC, Franklin Templeton MF and Nomura.
"Under Anchor Investors (AIs) portion in the public issue of PNB Housing Finance, 11,537,902 equity shares have been subscribed by 45 AIs at Rs 775 per equity share," BSE said.
The firm would be using the proceeds from the share sale mainly towards augmenting its capital base.
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