PNB Housing, Varun see huge take up for IPOs

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PNB Housing, Varun see huge take up for IPOs

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The crowd listens to Republican presidential candidate, Sen. Ted Cruz, R-Texas, speaks during a campaign rally in Lafayette, Ind., Sunday, May 1, 2016. (AP Photo/AJ Mast) | AJ Mast/AP/Press Association Images

PNB Housing Finance has launched its Rp30bn ($449m) IPO, India’s second largest this year, to an enthusiastic response from anchor investors as the country's FIG names continue to draw interest.

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