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Punjab & Sind Bank IPO is a book build issue of ₹470.82 crores. The issue is entirely a fresh issue of 4.00 crore shares of ₹470.82 crore.
Punjab & Sind Bank IPO bidding started from Dec 13, 2010 and ended on Dec 16, 2010. The shares got listed on BSE, NSE on Dec 30, 2010.
Punjab & Sind Bank IPO price band is set at ₹120.00 per share . The lot size for an application is 50. The minimum amount of investment required by an retail is ₹5,650 (50 shares). The lot size investment for sNII is 34 lots (1,700 shares), amounting to ₹2,04,000, and for bNII, it is 167 lots (8,350 shares), amounting to ₹10,02,000.
The issue includes a reservation of up to 20,00,000 shares for employees offered at a discount of ₹6.00 to the issue price.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Punjab & Sind Bank IPO RHP for detailed Information.
| IPO Date | December 13, 2010 to December 16, 2010 |
| Listing Date | December 30, 2010 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹113 to ₹120 per share |
| Issue Price Final | ₹120 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 4,00,00,000 shares (aggregating up to ₹470.82 Cr) |
| Retail Discount | Rs 6.00 per share |
| Employee Discount | ₹6.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 18,30,56,000 shares |
| Share Holding Post Issue | 22,30,56,000 shares |
Punjab & Sind Bank IPO offers total 4,00,00,000 shares. Out of which 1,90,00,000 (47.50%) allocated to QIB, 57,00,000 (14.25%) allocated to NII, 1,33,00,000 (33.25%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,90,00,000 (47.50%) | NA |
| NII (HNI) Shares Offered | 57,00,000 (14.25%) | NA |
| Retail Shares Offered | 1,33,00,000 (33.25%) | 2,66,000 |
| Employee Shares Offered | 20,00,000 (5.00%) | NA |
| Total Shares Offered | 4,00,00,000 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Punjab & Sind Bank IPO opens on December 13, 2010, and closes on December 16, 2010.
| IPO Open Date | Mon, Dec 13, 2010 |
| IPO Close Date | Thu, Dec 16, 2010 |
| Tentative Listing Date | Thu, Dec 30, 2010 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Dec 16, 2010 |
Investors can bid for a minimum of 50 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹6,000 |
| Retail (Max) | 33 | 1,650 | ₹1,98,000 |
| S-HNI (Min) | 34 | 1,700 | ₹2,04,000 |
| S-HNI (Max) | 166 | 8,300 | ₹9,96,000 |
| B-HNI (Min) | 167 | 8,350 | ₹10,02,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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. The primary business of Punjab & Sind Bank is taking deposits and making advances and investments, and is divided into retail banking, corporate banking, priority sector banking, treasury operations and other banking services such as agency functions for insurance, distribution of mutual funds and pension and tax collection services.
In retail banking, they provide loans and advances for housing, trade, automobiles, consumer durables, education and personal loans. They provide commercial banking products and services to corporate customers, including mid-sized and small businesses and government entities. As on July 31, 2010, their network comprised of 920 branches and 63 ATMs across India and had a total of 8,116 employees, serving over 0.60 crore customers.
| Particulars | For the year/period ended (in Rs. Crore) | ||||
| 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | |
| Total Income | 4,326.30 | 3,630.71 | 2,528.43 | 1,919.38 | 1,401.93 |
| Profit After Tax (PAT) | 506.82 | 430.20 | 402.13 | 390.27 | 285.68 |
| KPI | Values |
|---|---|
| RoNW | 23.76% |
The Company Punjab & Sind Bank IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (Rs. in crores) |
|---|---|---|
| 1 | Augment the capital base to meet the capitaladequacy norms for future capital requirements and the growth in the assets, primarily the loan and investment portfolio due to the growth of the Indian economy, and for other general corporate purposes | 456.32 |
CARE Limited has assigned an IPO Grade 4 to Punjab & Sind Bank IPO. This means as per CARE, company has 'Above Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the CARE IPO Grading Document for Punjab & Sind Bank.
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| Listing Date | December 30, 2010 |
| BSE Script Code | 533295 |
| NSE Symbol | PSB |
| ISIN | INE608A01012 |
| Final Issue Price | ₹120 per share |
| BSE Listing Group | B |
Punjab & Sind Bank
Punjab & Sind Bank
Bank House,
21, Rajendra Place, New Delhi
Delhi, New Delhi
Phone: 91 11 2572 0849
Email: complianceofficer@psb.org.in
Website: http://www.psbindia.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: psb.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Punjab & Sind Bank IPO is a main-board IPO of 4,00,00,000 equity shares of the face value of ₹10 aggregating up to ₹470.82 Crores. The issue is priced at ₹120 per share. The minimum order quantity is 50.
The IPO opens on December 13, 2010, and closes on December 16, 2010.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Punjab & Sind Bank IPO using UPI as a payment gateway. Zerodha customers can apply in Punjab & Sind Bank IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Punjab & Sind Bank IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Punjab & Sind Bank IPO opens on December 13, 2010 and closes on December 16, 2010.
Punjab & Sind Bank IPO lot size is 50, and the minimum amount required for application is ₹6,000.
You can apply in Punjab & Sind Bank IPO 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 & Sind Bank IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Punjab & Sind Bank IPO allotment status.
The Punjab & Sind Bank IPO listing date is on Thursday, December 30, 2010.
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