To attract the retail investors and employees of SAIl (Steel Authority of India Ltd.), Government is planning to offer 5% discount on the issue price of FPO (Follow-on Public Offer) to them soon. It’s expected to raise more proceeds than the sale on shares of PSUs such as REC, NMDC and NTPC. The stock has [...]

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Bids of worth Rs 24,120 crore on its final day made the initial public offering (IPO) of Punjab & Sind Bank to be subscribed 50.41 times. The issue got total bids of 201 crore shares as against 4 crore shares on offer, as per the data available with the National Stock Exchange. The IPO has received total [...]

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Punjab and Sind Bank IPO worth Rs 480 crore witnessed total demand worth Rs 2,256 crore i.e. 4.7 times on the second day of its issue.  The price band fixed for the IPO is Rs 113-120 per share. It’s anticipated to raise about Rs 450 crore at its lower end and Rs 480 crore at [...]

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The much awaited Initial Public Offering (IPO) of Manganese Ore India Limited (MOIL) has been listed on bourses. The IPO, with an issue price of Rs 375, have listed at Rs 551 and Rs 565 on BSE & NSE respectively. MOIL IPO has received the overwhelming response from the investors, with retail portion subscribed at [...]

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It was in 1908, when Punjab & Sind Bank was founded by Government of India at Amritsar. Presently, it is one of the nineteen nationalized banks in India. Punjab & Sind Bank is now coming up with its IPO in the Indian capital markets. Punjab & Sind Bank IPO Open Date: Dec 13, 2010 – [...]

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