Punjab & Sind Bank IPO


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
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


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

Open Demat Account