Punjab & Sind Bank IPO subscribed 27.44 times

The Initial Public Offering (IPO) of Punjab & Sind Bank Limited has received subscription of 27.44 times till 4:00 PM on December 15, 2010.

The issue has received total bids for 1097519850 equity shares against the offer of 40000000 equity shares. The issue has received bids for 60930650 equity shares at cut-off price.

The IPO closes for subscription by QIB bidders today (December 15, 2010). The IPO closes for subscription by other investors on December 16, 2010.

The Rating Agency CARE has assigned IPO Grading of IPO Grade 4.

Source : Equity Bulls

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