Join us on Whatsapp: +91 7977614821 OR Click here to directly join now!


Wednesday, December 8, 2010

The price band for the IPO of Punjab and Sind Bank, the only unlisted state-owned bank is fixed at Rs.113/- to Rs.120/- per equity share.

Retail Investors would be entitled to a discount of 5% on the final issue price which will be decided after the closure of the issue. This implies that if the final issue price is decided at the upper end of the price band, then Retail Investors would get a discount of Rs.6/- per share and a discount of Rs.5.65 per share in case the price is decided at the lower end of the price band

Currently, 100% of the stake in Punjab & Sind Bank is owned by Government of India, which it plans to divest to the extent of about 18 percent, thus reducing its holding to around 82 percent

0 comments:

Post a Comment

Indian IPO Blog Feed Subscribers


Enter your email address:

Delivered by FeedBurner

- Disclaimer / Terms of Use
- Privacy Policy
Email: indianipoblog@gmail.com

Subscribe via email

Enter your email address:

Delivered by FeedBurner

By visiting or accessing this Blog and any/all of its subdomains, you solemnly declare that you have read, understood and agree to - Disclaimer / Terms of Service
View our - Privacy Policy

Trending IPO News

Blog Archive

Feed Subscribers