Punjab and Sind Bank IPO bid 4.70 times till 5 PM on Day 2

Punjab and Sind Bank IPO, which has opened for subscription from December 13, 2010, has been bid 4.70 times on an overall basis till December 14, 2010 1400 hrs IST as per data available on the NSE website.

The IPO of Punjab and Sind Bank has received a welcoming response from investors with the IPO fully subscribed on its opening day. Punjab and Sind Bank IPO had already received 2.94 times subscription in the QIB Category on the opening day

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