The book-built IPO for Punjab & Sind Bank is valued at Rs 470.82 crore. The public offering (IPO) bidding for Punjab & Sind Bank began on December 13, 2010, and concluded on December 16, 2010. On December 30, 2010, the shares were listed on the BSE and NSE. The pricing range for the Punjab & Sind Bank IPO is ₹113 to ₹120 per share. An application must have a minimum lot size of 50 shares. Retail investors are obliged to invest a minimum of ₹6,000.
Punjab & Sind Bank is an undertaking bank of the Government of India (GoI) that was founded in Amritsar and incorporated in 1908. They were among the six banks that the Indian government nationalised in April 1980, and as of right now, there are 19 nationalised banks in the country. With respect to retail banking, corporate banking, priority sector banking, treasury operations, and other banking services like agency functions for insurance, mutual fund distribution, pension and tax collection services, Punjab & Sind Bank’s main business is accepting
deposits and making advances and investments. Loans and advances for homes, trade, cars, consumer durables, education, and personal loans are offered by retail banks. They offer corporate clients, including small and medium-sized enterprises as well as governmental organisations, commercial banking products and services. As of July 31, 2010, its network included 63 ATMs and 920 locations spread over India, employing 8,116 people to service more than 0.60 crore clients.
Punjab & Sind Bank IPO Details
| IPO Date | December 13, 2010 to December 16, 2010 |
| Listing Date | December 30, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹113 to ₹120 per share |
| Lot Size | 50 Shares |
| Total Issue Size | 40,000,000 shares (aggregating up to ₹470.82 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Punjab & Sind Bank IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹6,000 |
| Retail (Max) | 33 | 1650 | ₹198,000 |
Punjab & Sind Bank IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 19,000,000 (47.50%) | NA |
| NII (HNI) Shares Offered | 5,700,000 (14.25%) | |
| Retail Shares Offered | 13,300,000 (33.25%) | 266,000 |
| Employee Shares Offered | 2,000,000 (5.00%) | NA |
Punjab & Sind Bank Company Financials
| Particulars | 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 |
Objects of the Issue (Punjab & Sind Bank IPO Objectives)
The Object of the issue are:
- 1. To augment capital base to meet future capital requirement;
- 2. General corporate purposes.
Punjab & Sind Bank IPO Listing Details
| Listing Date | December 30, 2010 |
| BSE Script Code | 533295 |
| NSE Symbol | PSB |
| ISIN | INE608A01012 |
| Final Issue Price | ₹120 per share |
Punjab & Sind Bank Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹120.00 | ₹120.00 |
| Open | ₹146.10 | ₹144.00 |
| Low | ₹126.20 | ₹126.20 |
| High | ₹149.70 | ₹146.70 |
| Last Trade | ₹127.05 | ₹127.15 |
Punjab & Sind Bank Contact Details
Punjab & Sind Bank
Punjab & Sind Bank
Bank House,
21, Rajendra Place, New Delhi
Phone: 91 11 2572 0849
Email: [email protected]
Website: http://www.psbindia.com
Punjab & Sind Bank IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in
Punjab & Sind Bank IPO FAQs
Q1. What is Punjab & Sind Bank IPO?
Ans. 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 share. The minimum order quantity is 50 Shares. The IPO opens on December 13, 2010, and closes on December 16, 2010. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Q2. When Punjab & Sind Bank IPO will open?
Ans. The Punjab & Sind Bank IPO opens on December 13, 2010 and closes on December 16, 2010.
Q3. What is the lot size of Punjab & Sind Bank IPO?
Ans. Punjab & Sind Bank IPO lot size is 50 Shares, and the minimum amount required is ₹6,000.
Q4. When is Punjab & Sind Bank IPO allotment?
Ans. 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 [.].
Q5. When is Punjab & Sind Bank IPO listing date?
Ans. The Punjab & Sind Bank IPO listing date is on December 30, 2010.
