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

Wednesday, December 8, 2010

Punjab & Sind Bank IPO Price Band fixed

The price band for the upcoming IPO of Punjab & Sind Bank is fixed at Rs.113/- to Rs.120/- per equity share for each share having a Face Value of Rs.10/- each

Punjab & Sind Bank IPO would remain open for subscription between Monday, December 13, 2010 and Thursday, December 16, 2010. Punjab & Sind Bank is the only state-owned bank that is not yet listed

Earlier, credit rating agency CARE has assigned an IPO Grade 4/5 to the proposed IPO of Punjab & Sind Bank IPO. The IPO Grade so assigned indicates Above Average fundamentals of Punjab & Sind Bank. CARE assigns IPO grades on a scale of IPO Grade 5 to IPO Grade 1, with IPO Grade 5 indicating strong fundamentals and IPO Grade 1 indicating poor fundamentals
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