Punjab & Sind Bank IPO Latest News Today

Punjab & Sind Bank IPO shares will list on Thursday, December 30, 2010. Issue price of this IPO has been fixed at Rs 120/- per share (Rs. 114/- for retail & employee). IPO was oversubscribed by 50.75 times (44.45 times in retail).

IPO Listing Detail

Listing Date: Thursday, December 30, 2010
BSE Scrip Code: 533295
Listing In: 'B' Group of Securities
ISIN: INE608A01012
Issue Price: Rs. 120/- Equity Share (Rs. 114/- for retail & employee)
Face Value: Rs. 10.00 Per Equity Share

Punjab & Sind Bank IPO allotment status is now available online.

Punjab & Sind Bank IPO was open on Dec 13, 2010 and closed on Dec 16, 2010. IPO of Punjab & Sind Bank was oversubscribed by 50.75 times (44.45 times in retail).

Punjab & Sind Bank IPO finally subscribed 50.75 times on its closing day. Punjab & Sind Bank IPO was open on Dec 13, 2010 and closed today on Dec 16, 2010 for subscription. Punjab & Sind Bank has received bids for 2,02,98,86,650 shares as against issue size of 4,00,00,000 shares.

Oversubscription detail

Qualified Institutional Buyers (QIBs): 49.80 Times

Non Institutional Investors: 85.84 Times

Retail Individual Investors (RIIs): 44.45 Times

Employee: 1.61 Times

Total: 50.75 Times

Punjab & Sind Bank IPO subscribed 29.77 times on its day 3. Punjab & Sind Bank IPO was open on Dec 13, 2010 and will close tomorrow on Dec 16, 2010 for subscription. Punjab & Sind Bank has received bids for 1,19,06,48,350 shares as against issue size of 4,00,00,000 shares.

Oversubscription detail for Day 3

Qualified Institutional Buyers (QIBs): 49.80 Times

Non Institutional Investors: 22.91 Times

Retail Individual Investors (RIIs): 8.38 Times

Employee:1.22 Times

Total: 29.77 Times

Punjab & Sind Bank IPO subscribed 4.70 times on its day 2. Punjab & Sind Bank IPO was open on Dec 13, 2010 and will close on Dec 16, 2010 for subscription. Punjab & Sind Bank has received bids for 18,78,49,600 shares as against issue size of 4,00,00,000 shares.

Oversubscription detail for Day 2

Qualified Institutional Buyers (QIBs): 6.26 Times

Non Institutional Investors: 6.90 Times

Retail Individual Investors (RIIs): 2.09 Times

Employee: 0.92 Times

Total: 4.70 Times

Punjab & Sind Bank IPO subscribed 0.68 times on its day 1. Punjab & Sind Bank IPO opens today on Dec 13, 2010 and will close on Dec 16, 2010 for subscription. Punjab & Sind Bank has received bids for 2,70,20,100 shares as against issue size of 4,00,00,000 shares.

Oversubscription detail for Day 1

Qualified Institutional Buyers (QIBs): 2.94 Times

Non Institutional Investors: 0.18 Times

Retail Individual Investors (RIIs): 0.40 Times

Employee: 0.51 Times

Total: 0.68 Times

Punjab & Sind Bank is entering in the capital markets with an initial public offering, IPO of 4,00,00,000 Equity Shares of Rs. 10 each. The price band for the issue has been fixed at Rs 113/- at lower level and Rs 120/- at upper level.

Punjab & Sind Bank is a Government of India (GoI) undertaking bank started in Amritsar. 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.

The issue opens on Dec 13, 2010, and closes for subscription on Dec 16, 2010. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).