PNB’s IPO sees 20% subscription

New Delhi: PNB Housing Finance's IPO was subscribed 20 per cent on the first day of the three-day bidding on Tuesday. The `3,000-crore IPO received bids for 55,72,111 shares against the total issue size of 2,80,77,500 shares, data available with the NSE showed. The portion for qualified institutional buyers was subscribed 35 per cent and that of non institutional investors 8 per cent. The retail investors category was subscribed 17 per cent. The IPO attracted more than 75,000 applications .