India: PNB Housing Finance IPO subscribed 20% on Day 1

India: PNB Housing Finance IPO subscribed 20% on Day 1

Punjab National Bank. Photo: Livemint

The initial public offering (IPO) of PNB Housing Finance Ltd was subscribed 20% on Tuesday, the first of the three-day offering, receiving bids for 5.57 million equity shares against an issue size of 28.07 million.

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