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

Thursday, December 16, 2010

Punjab and Sind Bank IPO oversubscribed 41.83 times till 3 PM on closing day

Punjab and Sind Bank IPO, which closes for subscription today, has received excellent support with the IPO getting overbid by 41.83 times on an overall basis till 2 PM on the closing day. The IPO closed for QIB Category yesterday, and had managed to gather solid support from QIB Investors, the category being oversubscribed close to 50 times

The subscription from the Retail Category has also sky-rocketed on the closing day with the category getting overbid approximately by more than 21 times till December 16, 2010 1500 hrs IST, as per data available on the NSE website

Stay tuned for regular updates on Punjab and Sind Bank IPO Bidding Status!
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