The stock surged 6% to Rs 1,533 after reported 93% growth in profit at Rs 185 crore in Q1FY17.
Continued market share gains, healthy asset quality to support valuations
The stock hit high of Rs 1,559, more than doubled against its issue price of Rs 775 per share.
The stock rallied 11% to Rs 987 in intra-day trade, extending its Monday's 15% rally on the NSE.
Shares touched a high of Rs 904 and a low of Rs 860 on the National Stock Exchange
The stock hit an intra-day high of Rs 903, after listing at Rs 863, an 11% premium over its issue price of Rs 775 per share.
PNB Housing Finance, which recently closed its initial public offer (IPO), will make its stock market debut on Monday.
At the end of the day, the institutional category was subscribed 86.2 times
PNB Housing Finance's IPO, which closes today, opens up new possibilities, but comes with lock-in and other conditions
PNB Housing' Rs 3,000-crore IPO closes on Thursday, while the Rs 1,100-crore issue of Varun Beverages will remain open till Friday
The company is seeking to raise Rs 3,000 crore through the IPO
Interview with MD, PNB Housing Finance
Price band for the issue set between Rs 750-775
Indian companies have raised $2.9 billion through IPOs in the first nine months of this year
The leading housing finance firm had filed IPO papers with Sebi in July and got final approval last week
PNB Housing Finance would be using the proceeds from the share sale mainly towards augmenting its capital base
Punjab National Bank's housing finance subsidiary has started the process of getting listed through an initial public offer (IPO) of equity
The proceeds from the IPO will be used for growth of the company
It has become the first housing finance company to successfully issue green bonds.