IPO will be held from November 9-11 and the company will offer 1.46 crore equity shares
Shares touched a high of Rs 904 and a low of Rs 860 on the National Stock Exchange
The company had fixed the price band at Rs 750-775 per share for the offer
PNB Housing Finance and Varun Beverages will list their shares on Monday and Tuesday
PNB Housing Finance, which recently closed its initial public offer (IPO), will make its stock market debut on Monday.
Fund house gets in-principal govt nod; Offer document likely to be filed early-2017; May fetch valuation of $1 billion
The fundraising through initial share sales in 2016 has crossed the Rs 20,000-crore mark - the highest since 2010
The IPO comprises a new issue of 15 mn shares and an Offer for Sale of 10 mn shares by the existing promoters
At the end of the day, the institutional category was subscribed 86.2 times
PNB Housing' Rs 3,000-crore IPO closes on Thursday, while the Rs 1,100-crore issue of Varun Beverages will remain open till Friday
Move comes amid spate of weak listings due to aggressive pricing
The company is seeking to raise Rs 3,000 crore through the IPO
Despite record-breaking action in IPO market, overall equity raising activity has slowed
It will also receive gross proceeds of $75 million from the sale of equity shares
Company is one of the largest franchisees in the world (outside USA) of carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs) for PepsiCo
Price band for the issue set between Rs 750-775
The IPO size could be around Rs 1,200 cr
The leading housing finance firm had filed IPO papers with Sebi in July and got final approval last week
PNB Housing Finance would be using the proceeds from the share sale mainly towards augmenting its capital base
Brokers expect pricing at Rs 600 apiece; bankers believe IPO could fetch Rs 450 a share