Currently up around 8%
Shares of Punjab & Sind Bank listed at the BSE and NSE today. The opening price at the BSE where there was a listing ceremony held was Rs 146.10, while on the NSE it was Rs 144. The high was Rs 149.70 on the BSE and Rs 146.70 on the NSE. Immediately after listing the share came under severe pressure but recovered sharply to come back to Rs 134. From that level onwards the share is under pressure. The low however is what was made in the morning at Rs 127.60 on the BSE and Rs 127.10 on the NSE.
| Exchange | Open | High | Low | Close | Net Change | % gain | Volume | Wt Avg |
| BSE | 146.10 | 149.70 | 127.60 | 129.40 | 9.40 | 7.83 | 21242271 | 131.96 |
| NSE | 144.00 | 146.70 | 127.10 | 129.40 | 9.40 | 7.83 | 45682860 | 131.89 |
| Total | 66925131 |
Readers would recall that the issue had received excellent support and was overall subscribed over 50 times. The traded volume has been good and at 2pm the total traded volume is 669.25 lacs which is 1.67 times the IPO size of 4 cr shares. The weighted average at this point of time is Rs 132 and the retail investors who have all been allotted 50 shares by way of lottery are making a profit of Rs 900 per application. The shares were allotted at the upper end of the price band of Rs 120 and there was a discount of 5% to retail which meant that there cost was Rs 114.
The returns are disappointing and with share under pressure it would be important to see where we close at the end of the day. The share is currently trading at Rs 129.40 and is up 7.83%.
