Financial Daily from THE HINDU group of publications
Wednesday, Apr 24, 2002
Financial Daily from THE HINDU group of publications Wednesday, Apr 24, 2002 |
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Money & Banking
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IPOs PNB finalises allotment Our Bureau
NEW DELHI, April 23 PUNJAB National Bank (PNB) has finalised the basis of allotment of its recently concluded public issue according to which all 47,892 applicants who had applied for 100 shares would be granted firm allotment. For other applicants, allotment has been made on a proportionate basis subject to marketable lot of 100 shares. According to PNB, all valid applications have been allotted a minimum of 100 shares. The bank has allotted 5,30,61,200 shares aggregating Rs 164.49 crore after deducting 10 per cent of the issue size reserved for its employees. The net allotment comes to Rs 149.06 crore. The basis of allotment has been finalised in consultation with the Delhi Stock Exchange.
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