Bookbuilding IPO | ₹471 Cr | Listed at BSE, NSE | Mon, Dec 13, 2010 - Thu, Dec 16, 2010
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 per share. The lot size for an application is 50. The minimum amount of investment required by an retail is ₹6,000 (50 shares) (based on upper price). 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 Open
Mon, Dec 13, 2010
IPO Close
Thu, Dec 16, 2010
Issue Price
₹120 per share
Market Cap (Pre-IPO)
₹2,676.67 Cr
| IPO Date | 13 to 16 Dec, 2010 |
| Listed on | Thu, Dec 30, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹113 to ₹120 |
| Issue Price | ₹120 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Retail Discount | Rs 6.00 per share |
| Employee Discount | ₹6.00 |
| Total Issue Size | 4,00,00,000 shares (agg. up to ₹471 Cr) |
| Fresh Issue | 4,00,00,000 shares (agg. up to ₹471 Cr) |
| Share Holding Pre Issue | 18,30,56,000 shares |
| Share Holding Post Issue | 22,30,56,000 shares |
| BSE Script Code / NSE Symbol | 533295 / PSB |
| ISIN | INE608A01012 |
Punjab & Sind Bank IPO comprises a total issue size of 4,00,00,000 shares. The net offer to the public is 3,80,00,000 shares, after excluding 20,00,000 shares under a preferential allotment. Of the Net offer 1,90,00,000 (50.00%) are allocated to QIB, 57,00,000 (15.00%) allocated to NII 1,33,00,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 1,90,00,000 | 50.00% | 47.50% | NA |
| NII (HNI) Shares Offered | 57,00,000 | 15.00% | 14.25% | NA |
| Retail Shares Offered | 1,33,00,000 | 35.00% | 33.25% | 2,66,000 |
| Preferential Reservations | ||||
| Employee Shares Offered | 20,00,000 | 5.00% | NA | |
| Total Shares Offered | 4,00,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 50 shares and in multiples thereof.
| 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 |
| 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 |
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.
| Period Ended |
|---|
| 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 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 |
| KPI | |
|---|---|
| RoNW | 23.76% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 82.07% |
| Market Cap | ₹2,676.67 Cr. |
The Punjab & Sind Bank IPO is subscribed 50.75 times on December 16, 2010 5:00:00 PM (Day 4). The public issue subscribed 44.45 times in the retail category, 49.8 times in the QIB category, and 85.84 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 49.8 | 1,90,00,000 | |
| NII | 85.84 | 57,00,000 | |
| Retail | 44.45 | 1,33,00,000 | |
| Employee | 1.61 | 20,00,000 | |
| Total | 50.75 | 4,00,00,000 |
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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| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹120.00 | ₹120.00 |
| Open | ₹146.10 | ₹144.00 |
| Low | ₹126.20 | ₹126.20 |
| High | ₹149.70 | ₹146.70 |
| Last Trade | ₹127.05 | ₹127.15 |
Lead Manager Reports
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 ₹471 Crores. The issue is priced at ₹120 per share. The minimum order quantity is 50.
The IPO opens on Mon, Dec 13, 2010, and closes on Thu, Dec 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 Mon, Dec 13, 2010 and closes on Thu, Dec 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 Thu, Dec 30, 2010.
