IPO Update - Punjab & Sind Bank


Punjab & Sind Bank
Price Band: Rs 113 to Rs 120
Issue Opens on: December 13, 2010 | Issue Closes on: December 16, 2010

Issue Opens: December 13, 2010
Issue Closes: December 16, 2010
Lot Size: 50 Shares & in multiples of 50 shares thereafter
Price Band: Rs113 - Rs120
Issue size: Rs 480 crore
IPO Rating: "CARE" IPO Grade 4/5 means 'Above Avg. Fundamentals'
* (5% discount on issue price to retail investors and employees)

Issue highlights (source: BRLM/RHP)

  • Punjab & Sind Bank (PSB) is a nationalised bank incorporated in 1908 with predominant exposure to north India.

  • PSB acts as the lead banker in three districts of Punjab, ie Ludhiana, Faridkot and Mogait, and has a total of 8,116 employees, serving over 0.60 crore customers.

  • PSB currently operates approximately 926 branches and has 63 own ATMs and access to more than 50,000 ATMs across the country for its customers.

  • The primary business operations of PSB are divided into retail banking, corporate banking, priority sector banking, treasury operations and other banking services, such as agency functions for insurance, distribution of mutual funds, and pension and tax collection services.

  • In retail banking, the bank provides loans and advances for housing, trade, automobiles, consumer durables and education as well as personal loans.

  • PSB is planning to broaden its product base and service offerings to its clients. For instance, PSB proposes to roll out Internet banking systems, offer mobile banking services, install new ATMs, provide client loan syndication and give higher focus on high-margin agency and distribution agreements amongst others.

  • Financial Performance: The PSB's total consolidated income stood at Rs4,326.30 crore (FY2010) vs Rs1,401.93 crore (FY2006) and its net profit stood at Rs506.82 crore (FY2010) vs Rs285.68 crore (FY2006). The bank has registered a CAGR of 21.1% in net total income, 35.6% in operating income and 15.1% in net profit over the period 2006-2010.


  • 0 comments:

    Post a Comment

    All comments are moderated. Please post no spam

    Disclaimer & Privacy Policies

    (c) Mrs. Ruby Christy. This site and contents are owned by Mrs. Ruby Christy;
    Use of this website and/or services offered by us indicates your acceptance of our Disclaimer& Privacy Policies.

    Information and opinions provided on this website (www.investchips.com) has been independently obtained from sources believed to be reliable. However, such information may include inaccuracies, errors or omissions. Investchips.com and its affiliates, information providers or content providers and R.John Christy and his Family shall have no liability to you or third parties for the accuracy, completeness, timeliness or correct sequencing of information available on this website or feeds, or for any decision made or action taken by you in reliance upon such information, or for the delay or interruption of such information. Investchips.com,its affiliates, information providers ,content providers and R. John Christy and his Family shall have no liability for investment decisions or other actions taken or made by you based on the information provided on this website. Any action you choose to take in the markets is totally your own responsibility. Investchips.com and R. John Christy and his Family will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. This information is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. Opinions expressed by R. John Christy are his own and not of his past, present and future employers.
    The DoubleClick DART cookie is used by Google in the ads served on this websites displaying AdSense for content ads. When users visit this website and either view or click on an ad, a cookie may be dropped on that end user's browser.
    • Google, as a third party vendor, uses cookies to serve ads on this site.
    • Google's use of the DART cookie enables it to serve ads to your users based on their visit to this site and other sites on the Internet.
    • Users may opt out of the use of the DART cookie by visiting the Google ad and content network privacy policy.
    • www.investchips.com never collects any personal information of visitors.