Punjab and Sind Bank (PSB) received a overwhelming response of 1.58 times subscription on its initial public offer IPO.
The Punjab and Sind Bank IPO issue closes on 15 December 2010 for QIB and the following day 16 Dec 2010 for others.
Qualified institutional buyers (QIB) segment gave a 2.94 times subscription while Non Institutional Investors went with 0.18 times and Retail Investors category subscribed 0.40 times.
The bank is planning to raise around Read more...
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