Punjab National Bank (PNB) is expected to launch a Qualified Institutional Placement (QIP) within a week, aiming to raise ₹5,000-7,500 crore as per the reports of CNBC Awaaz. The bank has received positive interest from domestic mutual funds during its recent roadshows, indicating strong demand for the issue.
The QIP is likely to be priced at a 5-6% discount to the market price.
As of 3:20 PM, PNB shares were trading 3.03% higher at ₹111.69 on the NSE, reflecting optimism around the upcoming fundraising initiative.
Punjab National Bank Share Price history
| Day | Open | Close | Day’s change |
|---|---|---|---|
|
Fri, Sep 20 2024
|
₹108.00
|
₹108.41
|
|
|
Thu, Sep 19 2024
|
₹109.85
|
₹107.25
|
-1.38%
|
|
Wed, Sep 18 2024
|
₹108.30
|
₹108.75
|
|
|
Tue, Sep 17 2024
|
₹110.81
|
₹108.03
|
-2.51%
|
|
Mon, Sep 16 2024
|
₹111.30
|
₹110.81
|
-0.27%
|
|
Fri, Sep 13 2024
|
₹109.50
|
₹111.11
|
|
|
Thu, Sep 12 2024
|
₹108.70
|
₹108.72
|
|
|
Wed, Sep 11 2024
|
₹109.72
|
₹107.46
|
-1.94%
|
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