Punjab and sind bank ipo
According to the media reports The bank’s market cap is coming to around Rs 2,520 Cr and Rs 2,676 Cr on an lower and upper price band of Rs 113-120 making it smallest nationalized bank in terms of market capitalization. The Punjab And Sind Bank is asking for a post issue price earnings multiple of 5.5 times its FY10 earnings which is the cheapest while the industry average is around 7.5.
Monday, December 13, 2010
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