Punjab & Sind Bank - IPO

Punjab & Sind Bank IPO Details

Public issue of up to 4,00,00,000 equity shares of Rs. 10 each (The Equity Shares) for cash at a price of Rs. 120 per equity share of Punjab & Sind Bank (The Bank or The Issuer) aggregating Rs. 470.82 crore (The Issue). The issue comprises a net issue to the public of 3,80,00,000 equity shares (The Net Issue) and a reservation of 20,00,000 equity shares for subscription by eligible employees (The Employee Reservation Portion), at the issue price. The issue shall constitute 17.93% of the post-issue share capital of the bank. The net issue shall constitute 17.04% of the post-issue share capital of the bank.Issue price: Rs. 120 Per Equity Share of face value of Rs. 10 eachThe issue price is 12.0 times of the face value.

Objective of issue

To augment capital base to meet future cap. req.. General corporate purposes.

Punjab & Sind Bank Contact Details

Punjab & Sind Bank, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

Phone - 91-022-25963838

Fax - 91-022-25946969

Email - complianceofficer@psb.org.in

Website - www.punjabandsindbank.co.in