✓
Open
13 Dec 2010
✓
Close
16 Dec 2010
3
Allotment
—
✓
Listing
Thu, Dec 30, 2010
Price Band
₹113 to ₹120
Issue Size
4,00,00,000 shares (agg. up to ₹471 Cr)
Lot Size
50 Shares
Listing Date
Thu, Dec 30, 2010
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 50.37x |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Standard Chartered PLC | Mainboard | ₹104 | null | ₹103.45 | -0.53% | (+0.00%) | |
| United Bank of India | Mainboard | ₹325.15 Cr | ₹66 | null | ₹68.65 | +4.02% | (+0.00%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Augment the capital base to meet the capitaladequacy norms for future capital requirements and the growth in the assets, primarily the loan and investment portfolio due to the growth of the Indian economy, and for other general corporate purposes | 456.32 |
About Punjab & Sind Bank IPO
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.+ Read More
Contact Details
Punjab & Sind Bank AddressPunjab & Sind BankBank House21, Rajendra PlaceNew Delhi, New Delhi, 11000891 11 2572 0849complianceofficer@psb.org.inVisit Website