India Equity Analysis, Reports, Recommendations, Stock Tips and more!
Search Now
Recommendations
Showing posts with label Punjab and Sind Bank. Show all posts
Showing posts with label Punjab and Sind Bank. Show all posts
Tuesday, December 28, 2010
Monday, December 27, 2010
Thursday, December 16, 2010
Punjab and Sind Bank - Final Subscription Details
QIB - 49.8 times
NII - 85.84 times
Retail - 44.45 times
Employees - 1.61 times
Wednesday, December 15, 2010
Punjab and Sind Bank - Heavily Oversubscribed
Punjab and Sind Bank is heavily oversubscribed 1 day before the closing. This is going to be a lot worse in terms of allotment when compared to MOIL
Qualified Institutional Buyers (QIBs) 49.80
Non Institutional Investors 22.91
Retail Individual Investors (RIIs) 8.38
Employee Reservation 1.22
Monday, December 13, 2010
Brokers' views on Punjab & Sind Bank IPO
Punjab & Sind Bank`s initial public offering (IPO) of 40 million equity shares has opened for subscription today. The issue constitutes 17.93% of post-issue paid-up capital of the bank, at a price band of Rs 113-120 a share. The issue will close on December 15 for qualified institutional investors (QIB) and on December 16 for other investors.
Sunday, December 12, 2010
Punjab and Sind Bank
Modest valuations, superior asset quality and high return on net worth make a good case for investment in the initial public offer of Punjab and Sind Bank (PSB). At the upper end of the price band of Rs 113-120, the offer price would discount the bank's annualised first half-year earnings (April-September 2010) by about 4.8 times on a post-issue equity base.
Saturday, December 11, 2010
Friday, December 10, 2010
Punjab & Sind Bank
Punjab & Sind Bank (PSB) is a Government of India (GoI) undertaking with over 100 years of operation. It has significantly grown its branch network with a presence predominantly in north India. As on October 31, 2010, its network comprised of 926 branches and 63 owned ATMs and access to more than 50,000 ATMs across the country. It has 627 branches in North India out of which 402 branches are in Punjab alone. It also sponsored one regional rural bank, Sutlej Gramin Bank, in collaboration with the GoI and the state Government of Punjab. As on September 30, 2010, it has a total of 8,047 employees, serving over 0.66 crore customers.
Subscribe to:
Posts (Atom)