Punjab and Sind Bank IPO fully subscribed on Opening Day

The IPO of Punjab and Sind Bank has received a welcoming response from investors with the IPO fully subscribed on its opening day. Punjab and Sind Bank IPO has already received 2.94 times subscription in the QIB Category on the opening day, with bids in the category being received for 55833250 Equity Shares as against 19000000 Equity Shares reserved for the category

The response from the Retail Category has also been warm with the category getting bid about 40% on the first day. Punjab and Sind Bank IPO would remain open for subscription for QIB Category till Wednesday, December 15, 2010 and till Thursday, December 16, 2010 for other categories of investors

With a start-up overall subscription of more than 1.5 times on the opening day, the subscription in the IPO is expected to mount as the issue moves forward. Check back Indian IPO Blog regularly for latest subscription status updates on Punjab and Sind Bank IPO

Click here to check out Punjab and Sind Bank IPO Subscription Status on Opening Day