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.
Particulars | For the year/period ended (in Rs. Crore) | ||||
31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | |
Total Income | 4,326.30 | 3,630.71 | 2,528.43 | 1,919.38 | 1,401.93 |
Profit After Tax (PAT) | 506.82 | 430.20 | 402.13 | 390.27 | 285.68 |
The Object of the issue are:
1. To augment capital base to meet future capital requirement;
2. General corporate purposes.
IPO Opening Date | Dec 13, 2010 |
IPO Closing Date | Dec 16, 2010 |
Issue Type | Book Built Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹113 to ₹120 per equity share |
Market Lot | 50 Shares |
Min Order Quantity | 50 Shares |
Listing At | BSE, NSE |
Issue Size | 40,000,000 Eq Shares of ₹10 (aggregating up to ₹470.82 Cr) |
The Punjab & Sind Bank IPO market lot size is 50 shares. A retail-individual investor can apply for up to 33 lots (1650 shares or ₹198,000).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 50 | ₹6,000 |
Maximum | 33 | 1650 | ₹198,000 |
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.
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The Punjab & Sind Bank IPO is subscribed 50.75x times on Dec 16, 2010 17:00. The public issue subscribed 44.45x in the retail category, 49.80x in the QIB category, and 85.84x in the NII category. Check Day by Day Subscription Details (Live Status)
Category | IPO Subscription |
---|---|
QIB | 49.80x |
NII | 85.84x |
RII | 44.45x |
Employee | 1.61x |
Total | 50.75x |
Listing Date | Thursday, December 30, 2010 |
BSE Script Code | 533295 |
NSE Symbol | PSB |
Listing In | B |
ISIN | INE608A01012 |
IPO Price | ₹120 per equity share |
Face Value | ₹10 per equity share |
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Punjab & Sind Bank
Punjab & Sind Bank
Bank House,
21, Rajendra Place, New Delhi
Phone: 91 11 2572 0849
Email: complianceofficer@psb.org.in
Website: http://www.psbindia.com
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: psb.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
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 equity share. The minimum order quantity is 50 Shares.
The IPO opens on Dec 13, 2010, and closes on Dec 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 Dec 13, 2010 and closes on Dec 16, 2010.
Punjab & Sind Bank IPO lot size is 50 Shares and the minimum order quantity is 50 Shares.
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, Edelweiss, 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.
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