Tuesday, December 7, 2010

Upcoming IPO: Punjab & Sind Bank


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).


Punjab & Sind Bank IPO
Punjab & Sind Bank IPO Allotment
Punjab & Sind Bank IPO Listing