Punjab & Sind Bank IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 19,000,000 (48%) | — | ₹22,800 Cr |
| NII (HNI) | — | 5,700,000 (14%) | — | ₹6,840 Cr |
| Retail | — | 13,300,000 (33%) | — | ₹15,960 Cr |
| Employee | — | 2,000,000 (5%) | — | ₹240 Cr |
| Σ Total | — | 40,000,000 (100%) | — | ₹480,000 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹6,000 |
| Retail (Max) | 13 | 650 | ₹78,000 |
| S-HNI (Min) | 14 | 700 | ₹84,000 |
| B-HNI (Min) | 67 | 3,350 | ₹402,000 |
Financial Statements Amount in ₹ Crore
| Metric | 31-Mar-10 | 31-Mar-09 | 31-Mar-08 |
|---|---|---|---|
| Revenue | 4,326 | 3,631 | 2,528 |
| Profit After Tax | 507 | 430 | 402 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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
Company Overview
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.