Rs 3,000 crore PNB Housing IPO to open
Mortgage lender PNB Housing Finance has fixed a price band of Rs 750-775 for its initial public offer to raise Rs 3,000 crore.
“We are present only at 28 locations with 48 branches and there is enough headroom for us to grow. We are going to grow and invest rapidly and sensibly in our distribution network,” PNB Housing Finance Managing Director Sanjaya Gupta said.
The company is planning to open 18 branches this fiscal.