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

December 13, 2010 - December 16, 2010

Punjab & Sind Bank IPO is a book built issue of Rs 470.82 crores.

Punjab & Sind Bank IPO bidding started from December 13, 2010 and ended on December 16, 2010. The shares got listed on BSE, NSE on December 30, 2010.

Punjab & Sind Bank IPO price band is set at ₹113 to ₹120 per share. The minimum lot size for an application is 50 Shares. The minimum amount of investment required by retail investors is ₹6,000.

Axis Capital Limited, ICICI Securities Limited and SBI Capital Markets Limited are the book running lead managers of the Punjab & Sind Bank IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Punjab & Sind Bank IPO RHP for detailed information.

Punjab & Sind Bank IPO Details

IPO Date December 13, 2010 to December 16, 2010
Listing Date December 30, 2010
Face Value ₹10 per share
Price Band ₹113 to ₹120 per share
Lot Size 50 Shares
Total Issue Size40,000,000 shares
(aggregating up to ₹470.82 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Punjab & Sind Bank IPO Reservation

Punjab & Sind Bank IPO offers 40,000,000 shares. 19,000,000 (47.50%) to QIB, 5,700,000 (14.25%) to NII, 13,300,000 (33.25%) to RII, 2,000,000 (5.00%) to employees. 266,000 RIIs will receive minimum 50 shares and (sNII) and (bNII) will receive minimum 1,700 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered19,000,000 (47.50%)NA
NII (HNI) Shares Offered5,700,000 (14.25%)
Retail Shares Offered13,300,000 (33.25%)266,000
Employee Shares Offered2,000,000 (5.00%)NA
Total Shares Offered40,000,000 (100%)

Punjab & Sind Bank IPO Lot Size

Investors can bid for a minimum of 50 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 50 ₹6,000
Retail (Max) 33 1650 ₹198,000
Lot Size Calculator

About Punjab & Sind Bank

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)
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 (Punjab & Sind Bank IPO Objectives)

The Object of the issue are:

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

Punjab & Sind Bank IPO Subscription Status (Bidding Detail)

The Punjab & Sind Bank IPO is subscribed 50.75 times on December 16, 2010 5:00:00 PM. The public issue subscribed 44.45 times in the retail category, 49.80 times in the QIB category, and 85.84 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

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.

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.

Punjab & Sind Bank IPO Prospectus

Punjab & Sind Bank IPO Rating

Rating:Rated 4.3 stars
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Punjab & Sind Bank IPO Listing Details

Listing Date December 30, 2010
BSE Script Code 533295
NSE Symbol PSB
ISIN INE608A01012
Final Issue Price ₹120 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Punjab & Sind Bank Contact Details

Punjab & Sind Bank
Punjab & Sind Bank
Bank House,
21, Rajendra Place, New Delhi
Phone: 91 11 2572 0849

Punjab & Sind Bank IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Punjab & Sind Bank IPO - Buy or Not

Punjab & Sind Bank IPO Recommendation Summary

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Punjab & Sind Bank IPO FAQs

Punjab & Sind Bank IPO is a main-board IPO of 40,000,000 equity shares of the face value of ₹10 aggregating up to ₹470.82 Crores. The issue is priced at ₹113 to ₹120 per share. The minimum order quantity is 50 Shares.

The IPO opens on December 13, 2010, and closes on December 16, 2010.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Punjab & Sind Bank IPO opens on December 13, 2010 and closes on December 16, 2010.

Punjab & Sind Bank IPO lot size is 50 Shares, and the minimum amount required is ₹6,000.

You can apply in Punjab & Sind Bank IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Punjab & Sind Bank IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Punjab & Sind Bank IPO allotment status.

The Punjab & Sind Bank IPO listing date is on December 30, 2010.
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Punjab & Sind Bank IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



1379. IPO/STOCK GURO |   Link |  Bookmark |February 1, 2011 5:10:52 PM
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.
1378. IPO/STOCK GURO |   Link |  Bookmark |January 30, 2011 8:38:03 PM
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.
1377. IPO/STOCK GURO |   Link |  Bookmark |January 29, 2011 12:59:28 PM
Gotala Govt. NHPC,SJVNL may retailers ko loot lay gai retailers rota muh takta rah gaya.
1376. Mani V |   Link |  Bookmark |January 13, 2011 3:02:00 PM
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?
1375. RAJA RAJASTHANI |   Link |  Bookmark |January 8, 2011 11:22:32 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
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.........
1374. IPO/STOCK GURO |   Link |  Bookmark |January 8, 2011 10:28:00 AM
SAIL fpo price band may be 65 to 75.
1373. luckydixit |   Link |  Bookmark |January 6, 2011 8:01:44 PM
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
1372. YOGESH SHAH |   Link |  Bookmark |January 6, 2011 7:34:04 PM
Today rate of this script went down. In this rate shares are purchased or not?
1371. IPO/STOCK GURO |   Link |  Bookmark |January 5, 2011 8:36:11 PM
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.
1370. IPO/STOCK GURO |   Link |  Bookmark |January 5, 2011 4:36:19 PM
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.
1369. Narasimiah narasimhan |   Link |  Bookmark |January 3, 2011 11:17:10 PM

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

Happy New Year
1368. IPO/STOCK GURO |   Link |  Bookmark |January 3, 2011 8:57:05 PM
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.
1367. RAJA RAJASTHANI |   Link |  Bookmark |January 3, 2011 7:38:02 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
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.........
1366. VenkatGG |   Link |  Bookmark |January 3, 2011 10:40:42 AM
@ 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 - --> contact us --> and register a compliant under the link "To lodge Investor Complaint please" and they will look into the matter.
1365. NANDA ANIL |   Link |  Bookmark |January 1, 2011 2:56:09 PM
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.

1364. IPO/STOCK GURO |   Link |  Bookmark |December 31, 2010 10:32:24 PM
SEBI+Pramoters+Lead managers+HNIs ki caugadi dwara year 2011 ka sub say bada gotala, retailes limit 2 lakh karna.
1363. GARUDA |   Link |  Bookmark |December 31, 2010 7:26:36 PM
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.
1362. IPO/STOCK GURO |   Link |  Bookmark |December 31, 2010 7:14:24 PM
Wishing you very happy new year 2011 all citizen of india.
1361. Ajay Yadav |   Link |  Bookmark |December 31, 2010 1:11:06 PM

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.
1360. Narasimiah narasimhan |   Link |  Bookmark |December 31, 2010 12:12:09 PM


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.