Punjab & Sind Bank IPO To List Tomorrow

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Incorporated in 1908, Punjab & Sind Bank is a Government of India (GoI) undertaking bank started in Amritsar. They were one of the six banks nationalized by the Government of India in April 1980, and today, they are one of 19 nationalized banks in India.

It was oversubscribed by 50.7 times by the retail investors, and 29 times by the Qualified Institutional Buyers.

Punjab & Sind Bank IPO shares will list on Thursday, December 30, 2010. Issue price of this IPO has been fixed at Rs 120/- per share (Rs. 114/- for retail & employee). IPO was oversubscribed by 50.75 times (44.45 times in retail).

IPO Listing Detail are as follows : 

Listing Date : Thursday, December 30, 2010
BSE Scrip Code : 533295
Listing In : ‘B’ Group of Securities
ISIN : INE608A01012
Issue Price : Rs. 120/- Equity Share (Rs. 114/- for retail & employee)
Face Value : Rs. 10.00 Per Equity Share

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