Punjab & Sind Bank IPO - Dec 16 FY10

Issue Price: Rs. 113 - Rs. 120

Allotment Status : http://www.linkintime.co.in/site/ipo.asp

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. 452.00 - 480.00 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Minimum Order Quantity: 50 Shares

Red Herring Prospectus: http://nseindia.com/content/ipo/RHP_PNSB.zip

	Number of Times Issue is Subscribed (BSE + NSE)
As on Date & Time	Qualified Institutional Buyers (QIBs)	Non Institutional Investors	Retail Individual Investors (RIIs)	Employee Reservations	Total
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

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

Company Financials:

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

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.

Total Issue Size	40000000
Total Bids Received	1673284300
Total Bids Received at Cut-off Price	291079900
No. of times issue is subscribed	41.83

Updated as on As on 16-Dec-2010 15:00:00 IST - check for hourly updates