The exact timeline for PNB Housing Finance’s IPO launch in October will be decided after the road shows are wrapped up. Mumbai: PNB Housing Finance Ltd, the housing finance unit of state-run Punjab National Bank (PNB), plans to launch its Rs2,500 crore initial public offering (IPO) in October, said two people aware of the development. Mint reported on 20 October 2015 that PNB Housing Finance was planning to raise Rs2,500 crore through a share sale. PNB Housing Finance plans to grow the business and loan portfolio by consolidating its position in key geographies as well as by expanding into specific target markets such as the affordable housing segment. In 2015-16, PNB Housing Finance disbursed loans worth Rs14,456 crore, as against a disbursement of Rs9,440 crore in the previous year.

Source: Mint September 14, 2016 19:30 UTC