Non Institutional Investors portion of Punjab & Sind Bank IPO subscribed 22.91 times

The Non Institutional Investors portion of the Initial Public Offering (IPO) of Punjab & Sind Bank Limited has received subscription of 22.91 times with bids for 130561850 equity shares against the offer of 5700000 equity shares.

Under Non Institutional Investors portion, Corporates have applied for 82666200 equity shares followed by Individuals (Other than RIIs) who have bid for 44032750 equity shares.

Others have bid for 3862900 equity shares.

The IPO which opened for subscription by investors on December 13, 2010, closed for subscription by QIB bidders on December 15, 2010. The issue closes for subscription by other investors tomorrow - December 16, 2010.

Source : Equity Bulls

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