PNB soars as its arm gets nod to raise Rs 2,500 crore through IPO

Punjab National Bank | Bank - Public | BFSI | BSE: 532461 | NSE: PNB

14 Oct 2016 Evaluate

Punjab National Bank (PNB) is currently trading at Rs. 140.90, up by 2.95 points or 2.14% from its previous closing of Rs. 137.95 on the BSE.

The scrip opened at Rs. 138.55 and has touched a high and low of Rs. 141.20 and Rs. 138.55 respectively. So far 300829 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 150.40 on 29-Sep-2016 and a 52 week low of Rs. 69.40 on 17-Feb-2016.

Last one week high and low of the scrip stood at Rs. 146.10 and Rs. 135.80 respectively. The current market cap of the company is Rs. 29983.07 crore.

The promoters holding in the company stood at 65.01%, while institutions and non-institutions held 29.32% and 5.67% respectively.

PNB Housing Finance, a subsidiary of Punjab National Bank, has received the approval from capital markets regulator Securities & Exchange Board of India (Sebi) to raise Rs 2500 crore through an initial public offering. The company had filed IPO papers with Sebi in July. The markets regulator issued its final 'observations' on October 6 on the draft offer documents, which is necessary for any company to launch the public offer. According to the Draft Red Herring Prospectus (DRHP), the proceeds of the issue will be used to augment capital base to meet future capital requirements and for general corporate purpose.

PNB has reported a fall of 57.49% in its net profit at Rs 306.36 crore for the quarter ended June 30, 2016 as compared to Rs 720.71 crore for the same quarter in the previous year. However, total income of the bank increased by 3.71% to Rs 13930.00 crore for the quarter under review, from Rs 13432.05 crore for the corresponding quarter of the previous year.

PNB Share Price

110.15 2.25 (2.09%)

06-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
SBI	1095.60
PNB	110.15
Canara Bank	138.10
Bank Of Baroda	270.80
Union Bank Of India	168.70
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