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Monday, December 27, 2010

Punjab and Sind Bank IPO closed for subscription on Thursday, December 16, 2010. The IPO was oversubscribed by excellent oversubscription figures, the overall subscription being a staggering 50.75 times. The IPO had been receiving a wonderful response from its opening and has seen solid support across the board from all the categories of investors

Punjab and Sind Bank IPO Allotment Status is likely to be declared shortly. In the Retail Category, Punjab and Sind Bank IPO has received bids for 591240650 Equity Shares as against 13300000 Equity Shares offered / reserved for the category, thus lifting the oversubscription in the category to an extraordinary 44.45 times. Owing to this, the allotment to even the highest applicants in the Retail Category is expected to be on a lottery basis

The link for Punjab and Sind Bank IPO Allotment Status will be updated here as soon as it is declared. Check back Indian IPO Blog for the latest updates on Punjab and Sind Bank IPO Allotment Status!

Updates:
- Punjab and Sind Bank IPO Allotment Status for ASBA Applicants
- Punjab and Sind Bank IPO Allotment Status declared

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