Punjab & Sind Bank Limited which had recently completed its very successful IPO will list on Thursday the 30th of December at the BSE and NSE. The bank had issue 4 cr shares in a price band of Rs 113-120. The issue was open between the 13th and 15th of December and was oversubscribed over 50 times. The QIB portion was subscribed just under 50 times while the HNI portion was subscribed over 84 times. Retail portion also received excellent response and was subscribed around 44 times.
The allotment in the entire retail category is by lottery and all successful applicants have received the minimum lot size of 50 shares. Retail applicants and employees will also receive a 5% discount which will make their allotment price Rs 114 against Rs 120 for all others.
