A state-owned Punjab & Sind Bank has closed today. The issue has subscribed 47.20 times so far, as per National Stock Exchange.
Reserved portion of QIBs subscribed 49.80 times. Non-institutional and retail investors' portion subscribed 22.91 times and 8.38 times, respectively. The Employee portion subscribed 1.22 times.
Reserved portion of QIBs subscribed 49.80 times. Non-institutional and retail investors' portion subscribed 22.91 times and 8.38 times, respectively. The Employee portion subscribed 1.22 times.
Subscription detail | |
| QIB | 49.80 |
| NII | 22.91 |
| RETAIL | 8.38 |
| EMPLOYEE | 1.22 |
| TOTAL | 29.77 |
The bank aims to raise around Rs 452-480 crore through IPO at a price band of Rs 113-120 per share.
SBI Capital Markets, Enam Securities and ICICI Securities are the managers to the issue.
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