Moneycontrol PRO
Check Credit Score
Check Credit Score
HomeNewsBusinessIPO

PNB Housing, Varun Beverages set for market debut this week

PNB Housing Finance, promoted by Punjab National Bank, and PepsiCo's largest franchise bottler Varun Beverages will list their shares on Monday and Tuesday, respectively.

November 07, 2016 / 09:53 AM IST

PNB Housing Finance and Varun Beverages, which recently concluded their initial public offerings, will make their stock market debuts this week.

PNB Housing Finance, promoted by Punjab National Bank, and PepsiCo's largest franchise bottler Varun Beverages will list their shares on Monday and Tuesday, respectively.

The housing finance firm's Rs 3,000-crore IPO, which opened for subscription on October 25-27, was oversubscribed 29.55 times at a price band of Rs 750-775 per share.

The portion set aside for qualified institutional buyers (QIBs) was subscribed 37.33 times while the non-institutional investor quota received 86.17 times subscription. The quota for retail investors was oversubscribed 1.35 times.

The Rs 1,112.50-crore IPO of Varun Beverages was subscribed 1.86 times at a price band of Rs 440-445. The public issue was open during October 26-28.

Shares reserved for QIBs received bids 4.94 times while the subscription of non-institutional investors came in at 42 per cent. The retail investor quota was subscribed 79 per cent.

So far this year, as many as 22 companies got listed on the stock exchanges.

Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347