Punjab and Sind Bank IPO
Punjab and Sind Bank offering the IPO (Initial Public offer) with price band of Rs. 113-120 each. Punjab and Sind Bank is 100% government owned bank has targeted to collect 52 ore from the market. The IPO of Punjab and Sind Bank will be open from 134 Dec 1010. The issue will be open till 15 Dec 2010 for Qualified Institutional Buyers and on 16 Dec 2010 for all bidders. Punjab and Sind Bank expects it will in the market next year around May or June 2011.
Punjab and Sind Bank’s Director PK Anand announced the post issue will open on Dec 13, 2010.
PSB Director PK Anand
Punjab & Sind Bank IPO Information:-
Issue Open: Dec 13, 2010
Issue Close: Dec 16, 2010
Issue Size: Rs. 456 Crore (Approx)
Face Value: Rs. 10 / Equity Share
Issue Price: Rs. 113 – Rs. 120 Per Equity Share
Minimum Quantity: 50 Shares (Rs. 6000 with 1 Lot)
Maximum Quantity (1 Lakh Application): 800 Shares (Rs. 96000 with 16 Lot)
Maximum Quantity (2 Lakh Application): 1650 Shares (Rs. 198000 with 33 Lot)
Listing At: BSE, NSE