(Free Press Release) State run Punjab & Sind Bank will raise up to 4.8 billion rupees through its initial public offer (IPO) with a price band of 113-120 rupees a share to be open on 13th Dec 2010.
The bank was founded on the principle of social commitment to help the weaker section of the society in their economic endeavours to raise their standard of life.
Punjab & Sind Bank, is proposing subject to market conditions and other considerations an initial public offering of up to 4,00,00,000 equity shares of `10 each (the "Equity Shares") for cash at a Price Band of Rs. 113 to Rs. 120 per Equity Share and through a 100% Book Building process (the "Issue"). The Issue comprises a Net Issue to the public of 3,80,00,000 Equity Shares (the "Net Issue") and a reservation of 20,00,000 Equity Shares for subscription by eligible employees (the "Employee Reservation Portion"). The Issue shall constitute 17.93% of the post-Issue share capital of the Bank. The Net Issue shall constitute 17.04% of the post-Issue share capital of the Bank.
BRLM:SBI Cap/ ENAM Sec/ ICICI Sec
Issue Period:December 13 December 16, 2010 Monday to Thursday
Issue Period (For QIB):December 13 December 15, 2010
Issue Period (For Retail & HNI):December 13 December 16, 2010
Price Band Rs. 113/- to Rs.120/-
To subscribe this IPO visit www.demat9.in.