As you want to know about Punjab and Sind Bank IPO Subscription, so here is your required information:

State-owned Punjab and Sind Bank has alloted equity shares to respective categories of investors. Qualified and non-institutional investors received shares at higher end of price band of Rs 113-120 a share.


However, the bank gave equity shares to retail investors and employees, who had bid at cut-off or at the issue price of Rs 120 a share, at Rs 114 a share - 5% (Rs 6) discount to issue price. In total, 1.33 crore equity shares were allotted to 266000 successful applicants. Retail category was subscribed 43.20 times after technical rejections.