Issue Price
₹120
Per Share
GMP
NIL
Grey Market
Est. Listing
₹120
Expected Price
Min. Application
₹12,000
2 lots × 50 shares
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.
Punjab & Sind Bank proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| TOTAL | 40,000,000 | 100.00% | ₹480.00 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹6,000 |
| Retail (Max) | 2 | 100 | ₹12,000 |
| sNII (Min) | 34 | 1,700 | ₹204,000 |
| bNII (Min) | 167 | 8,350 | ₹1,002,000 |
| Particulars | 31-Mar-10 | 31-Mar-09 | 31-Mar-08 |
|---|---|---|---|
| Revenue from Operations | 4326.30 | 3630.71 | 2528.43 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 506.82 | 430.20 | 402.13 |
| Net Worth | N/A | N/A | N/A |
| Total Assets | N/A | N/A | N/A |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | N/A | N/A | N/A |