Non Institutional Investors portion of Punjab & Sind Bank IPO subscribed 85.84 times

The Non Institutional Investors portion of the Initial Public Offering (IPO) of Punjab & Sind Bank Limited has received subscription of 85.84 times with bids for 489281450 equity shares against the offer of 5700000 equity shares.

Under Non Institutional Investors portion, Corporates have applied for 279905600 equity shares followed by Individuals (Other than RIIs) who have bid for 205200800 equity shares.

Others have bid for 4175050 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 closed for subscription by other investors on December 16, 2010.

Source : Equity Bulls

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