The Rs 3,000 crore initial public offer (IPO) of PNB Housing Finance Opens on Tuesday Oct 25,2016 in a price band of Rs 750 - 775.
The company intends to utilise the IPO proceeds to augment its capital base in order to meet there future capital requirements.
Punjab National Bank (PNB) has 51% stake in PNB Housing Finance, which will drop to around 35% post the IPO.
At the upper end of the price band, the PE ratio is 28.10 times to its FY2016 earnings, higher than the industry PE of 25.98.
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