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  • Punjab & Sind Bank IPO (Punjab & Sind Bank IPO) Detail

    Dec 13, 2010 - Dec 16, 2010        
      
       

    Incorporated in 1908, Punjab & Sind Bank is a Government of India (GoI) undertaking bank started in Amritsar. They were one of the six banks nationalized by the Government of India in April 1980, and today, they are one of 19 nationalized banks in India. The primary business of Punjab & Sind Bank is taking deposits and making advances and investments, and is divided into retail banking, corporate banking, priority sector banking, treasury operations and other banking services such as agency functions for insurance, distribution of mutual funds and pension and tax collection services.

    In retail banking, they provide loans and advances for housing, trade, automobiles, consumer durables, education and personal loans. They provide commercial banking products and services to corporate customers, including mid-sized and small businesses and government entities. As on July 31, 2010, their network comprised of 920 branches and 63 ATMs across India and had a total of 8,116 employees, serving over 0.60 crore customers.

    Company Financials:

    ParticularsFor the year/period ended (in Rs. Crore)
    31-Mar-1031-Mar-0931-Mar-0831-Mar-0731-Mar-06
    Total Income4,326.303,630.712,528.431,919.381,401.93
    Profit After Tax (PAT)506.82430.20402.13390.27285.68

    Objects of the Issue:

    The Object of the issue are:

    1. To augment capital base to meet future capital requirement;
    2. General corporate purposes.

    Issue Detail:

      »»  Issue Open: Dec 13, 2010 - Dec 16, 2010
      »»  Issue Type: 100% Book Built Issue IPO
      »»  Issue Size: 40,000,000 Equity Shares of Rs. 10
      »»  Issue Size: Rs. 470.82 Crore
      »»  Face Value: Rs. 10 Per Equity Share
      »»  Issue Price: Rs. 113 - Rs. 120 Per Equity Share
      »»  Market Lot: 50 Shares
      »»  Minimum Order Quantity: 50 Shares
      »»  Listing At: BSE, NSE

    Punjab & Sind Bank IPO Grading / Rating

    CARE Limited has assigned an IPO Grade 4 to Punjab & Sind Bank IPO. This means as per CARE, company has 'Above Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the CARE IPO Grading Document for Punjab & Sind Bank.

    Check IPO Ratings from other stock analysts.

    Punjab & Sind Bank IPO Tags:

    Punjab & Sind Bank Allotment,Punjab & Sind Bank IPO Subscription, Punjab & Sind Bank Retail Subscription, Punjab & Sind Bank Listing, Punjab & Sind Bank IPO, Punjab and Sind Bank IPO,Punjab & Sind Bank IPO Bidding, Punjab & Sind Bank IPO Allotment Status, Punjab & Sind Bank IPO drhp and Punjab & Sind Bank IPO listing.

    Issue Subscription Detail / Current Bidding Status

    Number of Times Issue is Subscribed (BSE + NSE)
    As on Date & TimeQualified Institutional Buyers (QIBs)Non Institutional Investors (NIIs)Retail Individual Investors (RIIs)Employee ReservationsTotal
    Shares Offered / Reserved 19,000,000  5,700,000  13,300,000  2,000,000  40,000,000 
     Day 1 - Dec 13, 2010 17:00 IST 2.9400 0.1800 0.4000 0.5100 0.6800 
     Day 2 - Dec 14, 2010 17:00 IST 6.2600 6.9000 2.0900 0.9200 4.7000 
     Day 3 - Dec 15, 2010 17:00 IST 49.8000 22.9100 8.3800 1.2200 29.7700 
     Day 4 - Dec 16, 2010 17:00 IST 49.8000 85.8400 44.4500 1.6100 50.7500 

    New Compare Stock Brokers in India

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    Punjab & Sind Bank IPO News Alerts

    1. Tuesday, December 28, 2010 8:09:05 AM
      IPO Listing - Punjab & Sind Bank
    2. Monday, December 27, 2010 12:52:53 PM
      IPO Allotment - Punjab & Sind Bank
    3. Thursday, December 16, 2010 9:53:26 AM
      Punjab & Sind Bank IPO finally subscribed 50.75 times
    4. Wednesday, December 15, 2010 6:38:37 AM
      Punjab & Sind Bank IPO subscribed 29.77 times on day 3
    5. Tuesday, December 14, 2010 7:32:17 AM
      Punjab & Sind Bank IPO subscribed 4.70 times on its day 2
    6. Monday, December 13, 2010 9:10:45 AM
      Punjab & Sind Bank IPO subscribed 0.68 times on its day 1
    7. Tuesday, December 07, 2010 4:34:58 AM
      Upcoming IPO - Punjab & Sind Bank

    Punjab & Sind Bank IPO Rating

       Rating: 4.3
    1560
    4.3
    Rating:Rated 4.3 stars

    Vote Here ...

       IPO Reviews  |  IPO Gradings

    Punjab & Sind Bank IPO Listing Date

    Listing Date:Thursday, December 30, 2010
    BSE Scrip Code:533295
    NSE Symbol:PSB
    Listing In:'B' Group of Securities
    Sector:Banks
    ISIN:INE608A01012
    Issue Price:Rs. 120.00 Per Equity Share
    Face Value:Rs. 10.00 Per Equity Share

    Listing Day Trading Information

    BSE
    Issue Price:Rs. 120.00
    Open:Rs. 146.10
    Low:Rs. 126.20
    High:Rs. 149.70
    Last Trade:Rs. 127.05
    Volume:25,421,928
    NSE
    Rs. 120.00
    Rs. 144.00
    Rs. 126.20
    Rs. 146.70
    Rs. 127.15
    56,675,232

    Punjab & Sind Bank IPO Prospectus

    Company Contact Information

    Registered Office :
        Punjab & Sind Bank
        Bank House,
        21, Rajendra Place, New Delhi
    Phone: 91 11 2572 0849
    Fax: 91 11 2578 1639
    Email: complianceofficer@psb.org.in
    Website: http://www.psbindia.com

    Punjab & Sind Bank IPO Registrar

    Link Intime India Private Ltd   »  Report
       Link Intime India Private Ltd,
       C-13 Pannalal Silk Mills Compound,
       LBS Marg, Bhandup West, Mumbai 400078

    Phone: +91-22-25963838
    Fax: +91-22-25946969
    Email: psb.ipo@linkintime.co.in
    Website: http://www.linkintime.co.in

    Punjab & Sind Bank IPO Lead Manager(s)

    Punjab & Sind Bank IPO Messages (Punjab & Sind Bank IPO Comments)

      Post New Message ...  

    1380. IPO/STOCK GURO  Feb 01, 2011 6:10:52 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    IPO/STOCK GURO's - IPO Comments,  Public Profile

    IOC ka chairman kabhi 450 pay fpo lanay ki baat karta hi,kabhi bolta hi abhi market faver may nahi hi, inko yah nahi malom ki market may is tarah ki rumer kitno ko lose pahucha sakti hi.

     

    1379. IPO/STOCK GURO  Jan 30, 2011 9:38:03 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    IPO/STOCK GURO's - IPO Comments,  Public Profile

    1 Barrel = 159 Liter, current oil rate 92 dollar/barrel , 1 dollar = 46 rupees , petrol price = 31 Rupees/liter, Gotala govt. 62 rupees/liter (double) rate may sell kar rahi hi ,and public ko bool rahi hi lose pay sell kar rahay hi, Andher nagri caupat raja aum janta ki pahuch say door bhaji aur kaja.

     

    1378. IPO/STOCK GURO  Jan 29, 2011 1:59:28 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    IPO/STOCK GURO's - IPO Comments,  Public Profile

    Gotala Govt. NHPC,SJVNL may retailers ko loot lay gai retailers rota muh takta rah gaya.

     

    1377. Mani V  Jan 13, 2011 4:02:00 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    Mani V's - IPO Comments,  Public Profile

    The market price of Punjab and Sind Bank has slipped below issue price. But total subscription was 51 times. We should not destroy our hard-earned money at least in future by subscribing to such IPOs. Most of the IPOs have given loss only. Should we not intelligent enough not to destroy our hard-earned wealth?

     

    1376. RAJA RAJASTHANI  Jan 08, 2011 12:22:32 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    RAJA RAJASTHANI's - IPO Comments,  Public Profile

    Dear Friends
    Happy New Year 2 all.
    I applied in Punjab and sind bank ipo vide appl. no. 80006405 and 80039036 in different Dmat a/c through Axis Bank ASBA.
    The Amount 96000 respectively was blocked and released as well according to ipo schedule.
    when i see detail for application allotment status on Link Intime website it display " unable to find ".
    Amount of ASBA has been released fully having nill allotment.
    Sreedhar,Natrajan,SJ,Ravi Banglore and friends kindly explain why it is saying " Unable to find " in application status and complete detail on the registrsr website.
    Thanks please.........

     

    1375. IPO/STOCK GURO  Jan 08, 2011 11:28:00 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    IPO/STOCK GURO's - IPO Comments,  Public Profile

    SAIL fpo price band may be 65 to 75.

     

    1374. luckydixit  Jan 06, 2011 9:01:44 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    luckydixit's - IPO Comments,  Public Profile

    Hello All,

    I applied for PSB and didnt get any allotment.Still money is not credited to my account.Please tell me how to proceed and to whom I have to contact for the same.

    Thanks in advance
    Dixit

     

    1373. YOGESH SHAH  Jan 06, 2011 8:34:04 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    YOGESH SHAH's - IPO Comments,  Public Profile

    Today rate of this script went down. In this rate shares are purchased or not?

     

    1372. IPO/STOCK GURO  Jan 05, 2011 9:36:11 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    IPO/STOCK GURO's - IPO Comments,  Public Profile

    Kus achay nayta bhi unko samnay ana chahiya , govt. Ko yah batana chahiya ki swis bank may 73 lakh karors kinka jama hi, govt. Ki ismay kiya bomika hi, govt. Isko apnay Bhart may kaisay laygi, income tax department kiya karay ga.

     

    1371. IPO/STOCK GURO  Jan 05, 2011 5:36:19 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    IPO/STOCK GURO's - IPO Comments,  Public Profile

    Hindustan coper ka fpo 120 say 140 pay a raha hi retailers ko 5%discount milay ga, jam kay sell karo , short sell bhi maro, yah bhi MOIL, NHPC,NTPC, NMDC ki tarh over valud hi, listing kay baad bhi 100 say 150 kay beach 2 years tak rahay ga.

     

    1370. Narasimiah narasimhan  Jan 04, 2011 12:17:10 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    Narasimiah narasimhan's - IPO Comments,  Public Profile

    “ARE RETAIL INVESTORS WAKING UP?”

    Among the three recent IPOs., namely MOIL; Punjab & Sind Bank, and A2Z Maintenance, while retail investors who got allotments in the first two, could earn some profit since the shares listed at prices higher than prices at which they were offered, those who had applied for the A2Z IPO, actually lost money, when its shares listed at discounted prices and continues to remain so even now..

    What could be the factors that have lead to this situation, has been discussed in my article titled “ARE RETAIL INVESTORS WAKING UP?” which appeared in the OPED page of “Business Standard” dated 1st Jan. 2011. To those who may like to read the article, the link to access is business-standard.com/india/news/n-narasimhanretail-investors-waking-up/420316/

    Happy New Year

     

    1369. IPO/STOCK GURO  Jan 03, 2011 9:57:05 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    IPO/STOCK GURO's - IPO Comments,  Public Profile

    Be careful choor companies ipo like NHPC, I.B power, Cantabil, embi poly ,orient green, shree ganesh. Don,t take 10:1 risk in ipo market, secondary market very good operchunites.

     

    1368. RAJA RAJASTHANI  Jan 03, 2011 8:38:02 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    RAJA RAJASTHANI's - IPO Comments,  Public Profile

    Dear Friends
    Happy New Year 2 all.
    I applied in Punjab and sind bank ipo vide appl. no. 80006405 and 80039036 in different Dmat a/c through Axis Bank ASBA.
    when i see detail for application allotment status on Link Intime website it display " unable to find ".
    Amount of ASBA has been released fully having nill allotment.
    Sreedhar,Natrajan,SJ,Ravi Banglore and friends kindly explain why it is saying " Unable to find " in application status and complete detail on the registrsr website.
    Thanks please.........

     

    1367. VenkatGG  Jan 03, 2011 11:40:42 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    VenkatGG's - IPO Comments,  Public Profile

    @ 1361 - Ajay Yadav

    You will have to contact the registrar of the issue, in this case Linkintime and give them your application details and they can give the status of your refund. If the reigstrar is not giving a acceptable response then you can file a compliant against the registrar with SEBI. You can login into sebi website - www.sebi.gov.in --> contact us --> and register a compliant under the link "To lodge Investor Complaint please" and they will look into the matter.

     

    1366. NANDA ANIL  Jan 01, 2011 3:56:09 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    NANDA ANIL's - IPO Comments,  Public Profile

    Dear Mr K.K.Nataraj, Mr Sreedhar, Mr Aryanraj, IPOFinder & all other friends,

    I got benefited from all of your throughts and advises on the recent IPOs. Thank you so much for the same.

    From my bottom of my heart, I wish all of you a very happy and prosperous new year 2011.

     

    1365. IPO/STOCK GURO  Dec 31, 2010 11:32:24 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    IPO/STOCK GURO's - IPO Comments,  Public Profile

    SEBI+Pramoters+Lead managers+HNIs ki caugadi dwara year 2011 ka sub say bada gotala, retailes limit 2 lakh karna.

     

    1364. GARUDA  Dec 31, 2010 8:26:36 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    GARUDA's - IPO Comments,  Public Profile

    Chivitra: Shorting means without having scrip you can buy or sell and cover it on the same day. If u want to do shorting you have to watch the stock's DMA atleast for 1 week. You have to arrive at its high and low during the period. For eg. Tecpro's low is Rs.363 and high is Rs.390. It is a low volume scrip but still you can make money if you first enter at Rs.363-365 and hold it for a week or 10 days and definitely it will rise to Rs.385-390 and you can come out.

     

    1363. IPO/STOCK GURO  Dec 31, 2010 8:14:24 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    IPO/STOCK GURO's - IPO Comments,  Public Profile

    Wishing you very happy new year 2011 all citizen of india.

     

    1362. Ajay Yadav  Dec 31, 2010 2:11:06 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    Ajay Yadav's - IPO Comments,  Public Profile

    Hi,

    I applied for full application . 50 shares are allocated to me , But till now I did not get my balance amount (192300) refund in my account. All of my friends who applied with me got the same in their bank account. Please suggest me what should i do in this case.

     

    1361. Narasimiah narasimhan  Dec 31, 2010 1:12:09 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    Narasimiah narasimhan's - IPO Comments,  Public Profile

    31-12-2010.

    FOR RETAIL INVESTORS, THE PROBLEM LIES ELSEWHERE

    Happy, Wealth and Value Addition New Year to all of you!

    In both the PSB and the earlier MOIL IPOs, the premium on their listing is far below estimates. MOIL which was expected to list around Rs.700/- to Rs.750/- listed far less at Rs.450/- and PSB which was expected to list around Rs.210/-. did so only around Rs.130/-, hugely disappointing investors, especially retail investors.

    Retail investors are sore, naturally, Some boarders are attributing this development to SEBI's recent decision to increase investment limit in retail category from Rs.1.00 lakh to Rs.2.00 lakhs,and are demanding its roll back. Or, if this is not possible, then, they are demanding that atleast the percentage share in the IPOs., reserved for the retail category should be increased from the present 35% to 50%. There are also calls for retail investors to unite for this fight.

    Both suggestions are misplaced, in my opinion. The problem lies elsewhere. Even if the limit for retail category is increased to 50% or even more, retail investors will continue to remain voiceless even in cases where managements are grossly incompetent, or are indulging in fradulant practices and are damaging or even destroying shareholders wealth. Under the present law, even if you participate in a Special or Annual General Body Meeting, which I have done on some occassion, what gets recorded as proceedings are only the management comments and approvals based strictly on the agenda circulated by the managements. Even if you make excellently researched suggestions on what is wrong with the company, and its consequential poor performance, and you suggest what are the solutions possible, not one word gets into the proceedings, and when the next AGM or SGM happens, you find that your efforts have been in utter vain. Such callous indifference is possible also because, voting is not on the basis of share holders attending, but on the total of the shares held by those who put their resolutions to vote. If 3 or 4 persons or for that matter even one from the managements, accounting for say 30% of votes, vote for the resolutions, and say, 500 attending shareholders accounting for 29% of the votes (in terms of number of shares held), vote against the resolution, the resolution is still considered approved! The nominees of banks, financial institutions, generally do not attend in majority of cases, and even where they do, conduct themselves as dumb zombies.

    In the US, AGMs are dreaded by most managements, because the informed, assertuve retail shareholders do bring the roof down on the promoters, when the company is not doing well and show the door to such managements at times. Here, it is a brief ritual, may be at times also with some discomfoort and nuisance for managements, but surely something that will not stick!

    If retail investors are to safeguard their interests, this aberration must be addressed first, by making atleast the gist of their comments, mandatorily included in the proceedings in the Annual Reports. There can be no greater nightmare for incompetent or fradulent managements, that could compel them to either shape up or get out, than by changing the meaning of calculating votes cast in an AGM or SGM, to mean the number of shareholders attending the meeting, and delinking votes cast, from the number of shares that each shareholder holds.

    N.NARASIMHAN

     

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