Punjab & Sind Bank IPO

Closed

Subscription Details

  • Open Date 13 Dec
  • Close Date 16 Dec
  • Lot Size 50
  • IPO Size ₹ 480 Cr
  • IPO Price Range ₹ 120
  • Min Investment ₹ 6000

Punjab & Sind Bank IPO Timeline

Open Date
13 Dec
Close Date
16 Dec
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

Public issue of up to 4,00,00,000 equity shares of Rs. 10 each (The Equity Shares) for cash at a price of Rs. 120 per equity share of Punjab & Sind Bank (The Bank or The Issuer) aggregating Rs. 470.82 crore (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), at the issue price. 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. Issue price: Rs. 120 Per Equity Share of face value of Rs. 10 each The issue price is 12.0 times of the face value.

How to apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Punjab & Sind Bank IPO

Contact Information

Address

21 Bank House,
Rajendra Palace,
New Delhi, Maharashtra 110008

Open Demat Account