Bookbuilding FPO | ₹3,120 Cr | Listed at BSE, NSE | Mon, Mar 7, 2005 - Fri, Mar 11, 2005
Punjab National Bank FPO is a book build issue of ₹3,120.00 crores. The issue is entirely a fresh issue of 8.00 crore shares of ₹3,120.00 crore.
Punjab National Bank FPO bidding started from Mar 7, 2005 and ended on Mar 11, 2005. The shares got listed on NSE and BSE on Mar 29, 2005.
Punjab National Bank FPO is set final issue price at ₹390 per share.
ICICI Securities Ltd. is the book running lead manager and MCS Share Transfer Agent Ltd. is the registrar of the issue.
Refer to Punjab National Bank FPO RHP for detailed Information.
FPO Open
Mon, Mar 7, 2005
FPO Close
Fri, Mar 11, 2005
Issue Price
₹390 per share
Market Cap (Pre-IPO)
₹13,466.80 Cr
| IPO Date | 7 to 11 Mar, 2005 |
| Listed on | Tue, Mar 29, 2005 |
| Face Value | ₹10 per share |
| Price Band | ₹350 to ₹390 |
| Issue Price | ₹390 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE, NSE |
| Total Issue Size | 8,00,00,000 shares (agg. up to ₹3,120 Cr) |
| Fresh Issue | 8,00,00,000 shares (agg. up to ₹3,120 Cr) |
| Share Holding Pre Issue | 26,53,02,500 shares |
| Share Holding Post Issue | 34,53,02,500 shares |
| BSE Script Code / NSE Symbol | 532461 / PNB |
| ISIN | INE160A01022 |
Punjab National Bank FPO comprises a total issue size of 8,00,00,000 shares. The net offer to the public is 6,40,00,000 shares, after excluding 1,60,00,000 shares under a preferential allotment. Of the Net offer 3,20,00,000 (50.00%) are allocated to QIB, 96,00,000 (15.00%) allocated to NII 2,24,00,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 3,20,00,000 | 50.00% | 40.00% |
| NII (HNI) Shares Offered | 96,00,000 | 15.00% | 12.00% |
| Retail Shares Offered | 2,24,00,000 | 35.00% | 28.00% |
| Preferential Reservations | |||
| Employee Shares Offered | 80,00,000 | 10.00% | |
| Shareholders Shares Offered | 80,00,000 | 10.00% | |
| Total Shares Offered | 8,00,00,000 | 100.00% | 100.00% |
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Shareholder (SH) | Up to ₹2 Lakhs | Yes |
| Employee (EMP) | Up to ₹2 Lakhs | Yes |
| Employee + Shareholder | Up to ₹2 Lakhs (SH) + Up to ₹2 Lakhs (EMP) | Yes |
| Shareholder + RII/NII | Up to ₹2 Lakhs (SH) + RII/NII limits | Yes (SH/RII) |
| Employee + RII/NII | Up to ₹2Lakhs (EMP) + RII 'OR' NII limits | Yes (EMP/RII) |
| Employee + Shareholder + RII/NII | Upto ₹2 Lakhs (SH) + Upto ₹2 Lakhs (EMP) + RII 'OR' NII limits | Yes (SH/EMP/RII) |
Punjab National Bank (“PNB” or the “Bank”) was incorporated in 1894 and commenced operations in 1895. The Bank is one of India’s leading public sector banks, offering a comprehensive range of banking and financial services to corporate, commercial, retail and agricultural customers.
PNB operates a universal banking model, providing services including corporate and working capital financing, retail loans (housing, personal, auto), agricultural credit, treasury operations, and fee-based services such as cash management, distribution of insurance and mutual funds. The Bank also earns income from interest spreads, fees, commissions, and treasury activities.
The Bank has implemented a Core Banking Solution (CBS) enabling interconnectivity across branches. It offers internet banking, ATM network services, call center support, and digital payment solutions, enhancing customer convenience and operational efficiency.
PNB has a strong domestic presence with a network of 4,000+ branches, 400+ ATMs, and serves 35+ million customers across India.
The Bank also has an international presence through branches and representative offices in locations such as Kabul, London, Shanghai, and Almaty, primarily supporting NRI customers and trade-related services. As of September 30, 2004, the Bank had approximately 58,700 employees, including officers, clerical staff, and support personnel.
PNB provides additional services through its subsidiaries and joint ventures, including: Housing finance, Asset management (mutual funds), and Government securities trading (primary dealership)
| Period Ended | 30 Sep 2004 | 31 Mar 2004 | 31 Mar 2003 | 31 Mar 2002 |
|---|---|---|---|---|
| Assets | 1,09,768.29 | 1,02,066.81 | 85,885.51 | 72,576.53 |
| Total Income | 5,381.41 | 4,590.48 | 3,650.70 | 3,042.55 |
| Profit After Tax | 551.52 | 1,108.69 | 842.20 | 562.39 |
| EBITDA | 4,865.92 | 9,646.58 | 8,735.32 | 7,625.59 |
| Reserves and Surplus | 5,116.11 | 4,325.18 | 3,385.40 | 2,665.82 |
| Total Borrowing | 408.57 | 662.16 | 1,289.06 | 1,952.02 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Augment our capital base to meet our future capital adequacy requirements arising out the proposed implementation of the Basel II standards, the general growth of our business and for other general corporate purposes | 1,908.97 |
| 2 | Return of capital to the Government of India as explained above | 1,170.00 |
| 3 | Estimated Issue expenses | 41.03 |
| Total | 3,120.00 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 41.79 | 31.94 |
| P/E (x) | 9.33 | 12.21 |
| Promoter Holding | 80% | 61.47% |
| Market Cap | ₹13,466.80 Cr. |
The Punjab National Bank FPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 15.33 | 8,00,00,000 | 1,22,64,74,930 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management, underwriting and selling commission | 18.72 |
| 2 | Advertisement & Marketing expenses | 7.14 |
| 3 | Printing, stationery including transportation of the same | 3.95 |
| 4 | Others (Registrar’s fees, Legal fee, listing fee, etc.) | 11.22 |
| Total | 41.03 |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹390.00 | ₹390.00 |
| Open | ₹401.00 | ₹405.00 |
| Low | ₹385.20 | ₹385.10 |
| High | ₹410.00 | ₹407.00 |
| Last Trade | ₹387.75 | ₹387.90 |
Punjab National Bank FPO is a main-board FPO of 8,00,00,000 equity shares of the face value of ₹10 aggregating up to ₹3,120 Crores. The issue is priced at ₹390 per share. The minimum order quantity is .
The FPO opens on Mon, Mar 7, 2005, and closes on Fri, Mar 11, 2005.
MCS Share Transfer Agent Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Punjab National Bank FPO using UPI as a payment gateway. Zerodha customers can apply in Punjab National Bank FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Punjab National Bank FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Punjab National Bank FPO opens on Mon, Mar 7, 2005 and closes on Fri, Mar 11, 2005.
Punjab National Bank FPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Punjab National Bank FPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Punjab National Bank FPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Punjab National Bank FPO allotment status.
The Punjab National Bank FPO listing date is on Tue, Mar 29, 2005.
