Punjab & Sind Bank Limited, the last nationalised bank yet to go public has announced its IPO opening dates. The issue is for 4 crore shares in a price band of Rs 113-120 and opens on Monday the 13th of December and closes for QIB’s on Wednesday the 15th of December and for all other bidders on Thursday the 16th of December.

The issue would garner Rs 452 crs at the lower band and Rs 480 crs at the upper band. Eligible employees and retail investors would be eligible for a discount of 5%. The issue is likely to receive an overwhelming support and the refunds from the IPO of MOIL and the FPO of SCI would be available for investment in the Punjab & Sind Bank Limited issue.

The issue would be analysed over the weekend.