Analysis and Insights into the world of IPOs and investing in India

Thursday, December 30, 2010

Punjab and Sind Bank IPO debuts at 21.75% premium on BSE

Punjab and Sind Bank, which listed on the exchanges today, opened at Rs.146.10 on the BSE as against its Issue Price of Rs.120/- per share (Rs.114/- per share for Retail and Employees categories)

Punjab and Sind Bank IPO closed for subscription on Thursday, December 16, 2010 and was oversubscribed by 50.75 times. 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
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