Punjab & Sind Bank sets 4.8 bln rupees IPO price band

Last Updated: Wed, Dec 08, 2010 05:54 hrs

State-run Punjab & Sind Bank will raise up to 4.8 billion rupees through its initial public offer (IPO) with a price band of 113-120 rupees a share, it said in an advertisement in Financial Express.

The subscriptions to the 40-million-share issue begin on Dec. 13 and closes on Dec. 16, the bank said in the advertisement on Wednesday.

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SBI Capital Markets, Enam Securities and ICICI Securities are the managers to the issue.

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