PNB Housing Finance lists at a premium
DSIJ Intelligence / 07 Nov 2016
PNB Housing Finance has listed itself at a premium. The company listed itself at a premium of 11 per cent to the issue price. As at 10.09 am it is trading at Rs 889.55, up by 15 per cent.
PNB Housing Finance has listed itself at a premium. The company listed itself at a premium of 11 per cent to the issue price. As at 10.09 am it is trading at Rs 889.55, up by 15 per cent. The IPO is important as it is the second largest IPO after ICICI Prudential Life Insurance. Financials of the company are quite strong. NII is consistently growing at five year CAGR of 40 per cent to Rs 684 crore in FY16. The company has shown rise in PAT by 77 per cent in FY16 on a yearly basis.
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