IPO - Initial Public Offers - Punjab & Sind Bank IPO - Dec 16 FY10 in IPO's & MF's - Issue Price: Rs. 113 - Rs. 120 Allotment Status : http://www.linkintime.co.in/site/ipo.asp Issue Detail: Issue Open: Dec 13, 2010 - ...
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Punjab & Sind Bank IPO - Dec 16 FY10

  1. 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 & TimeQualified Institutional Buyers (QIBs)Non Institutional InvestorsRetail Individual Investors (RIIs)Employee ReservationsTotal
    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:





    ParticularsFor the year/period ended (in Rs. Crore)
    31-Mar-1031-Mar-0931-Mar-0831-Mar-0731-Mar-06
    Total Income4,326.303,630.712,528.431,919.381,401.93
    Profit After Tax (PAT)506.82430.20402.13390.27285.68

    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.


  2. Total Issue Size40000000
    Total Bids Received1673284300
    Total Bids Received at Cut-off Price291079900
    No. of times issue is subscribed41.83


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

  3. retail psb subscription till 1.00 p.m. today

  4. Quote Originally Posted by solankioptics View Post
    retail psb subscription till 1.00 p.m. today
    Retail subscription should not exceed 15 ... she be close to 12 . Go for it







  5. Punjab & Sind Bank IPO listing on Thursday, December 30, 2010.

    Punjab & Sind Bank debuts with 20% premium

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