Punjab and Sind Bank IPO closes for QIB Category, subscription rockets to 29.77 times on Day 3

Punjab and Sind Bank IPO, which closed for subscription for QIB Category, has received massive support on Day 3 with the IPO oversubscribed to the tune to 29.77 times at the close of Day 3, Wednesday, December 15, 2010

The subscription figure in the QIB Category has touched an amazing 49.7973 times with bids received for 946149350 Equity Shares as against 19000000 Equity Shares reserved for the category. The HNI Category has been overbid 22.91 times, while the participation from the Retail Category has also been highly spirited with the subscription in the category reaching 8.38 times already till Day 3, Wednesday, December 15, 2010

Punjab and Sind Bank IPO would close for categories other than QIB Category tomorrow, i.e. Thursday, December 16, 2010. With an overall subscription figure of close to 30 times already as also hefty oversubscription in the QIB Category, the subscriptions in the HNI and Retail Category are expected to shoot up on the closing day of the IPO

Check out Indian IPO Blog for Punjab and Sind Bank IPO subscription status updates at regular intervals throughout the closing day

Related post: Punjab and Sind Bank IPO - Subscription Status till Day 3, December 15, 2010 1700 hrs IST