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Stateowned Punjab Sind Bank's 4 crore equity shares initial public offering (IPO) will be opening for subscription from December 13. Hem Securities has recommended subscribing the issue, in its research report.
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The 4 crore equity shares initial public offering (IPO) of stateowned Punjab Sind Bank has opened for subscription. The bank aims to raise at around Rs 452480 crore through IPO at a price band of Rs 113120/share.
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Punjab Sind Bank is feeling the pinch of maintaining a healthy net interest margin (NIM). In an interview to CNBCTV18, PK Anand, Executive Director of the bank said that currently there is pressure on NIMs.
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MOIL (earlier known as Manganese Ore India) ended with 24% premium to its issue price on NSE. It closed at Rs 464.20 up 23.79% from its issue price of Rs 375 a share, after witnessing an intraday high of Rs 590 and low of Rs 456 on the National Stock Exchange. The share opened at Rs 565 on both exchanges.
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Claris Life listed on the bourses today. Arjun Handa MD and CEO at Claris Lifesciences said he was confident of resolving FDA issues that were bogging the company, adding that he saw no regulatory issues cropping up.
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Backed by private equity majors SAIF Partners, Sequoia Capital and hedge fund Tiger Global, Mumbaibased local search firm Just Dial may float a Rs 700 crore initial public offer, reports CNBCTV18 quoting VCCircle. The company is likely to file the draft red herring prospectus (DRHP) by end of this year.
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