PNB Housing Finance made a strong debut on the stock markets on Monday by listing at a huge premium of 10.97% over its issue price. At the NSE, stock opened at Rs 860 a share as against issue price of Rs 775 a share.

Currently, shares are trading at Rs 901, up 16.26% from its issue price. It recorded a high of 902.80 and a low of Rs 860.00 at the NSE (10.06 am).

PNB Housing Finance, a subsidiary of Punjab National Bank offers housing loans to individuals and corporate bodies for the construction, purchase, repair, and up gradation of houses, as well as loans for commercial space, purchase of residential plots, loan against properties, and loans for real estate developers.