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This is an archive article published on December 8, 2010

Punjab & Sind Bank sets IPO price band

Punjab & Sind Bank will raise up to Rs 4.8 bn through its iIPO with a price band of 113-120.

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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.

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

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