PNB per share Rs. 103.75 at the rate of Rs. Launched QIP to raise up to 5,000 crores

State-owned Punjab National Bank (PNB) on Monday raised Rs. 103.75 per share at an indicative price of Rs. Launched Qualified Institutional Placement (QIP) to raise up to Rs 5,000 crore. According to bankers, the base deal size is Rs. 2,500 crore, of which, depending on demand, Rs. 5,000 crore is likely to be raised.

The bank plans to issue 24.10 crore shares as part of the base issue, with an option to increase it to 48.19 crore shares if the issue goes up.

The base issue represented 2.19% of the pre-issue outstanding equity capital, while the upsized issue accounted for 4.38%.

Shares of PNB, which have gained 46% in the past year compared to a 19% rise in Bank Nifty, on Monday traded at Rs. closed at 111.51.

In an exchange filing, the bank announced that its board has decided to sell shares at Rs. A floor price of 109.16 has been fixed. The bank had last year raised Rs. 7,500 crore was approved by the board to be raised.

Stock trading

Market 101: Insights into Trendlines and Momentum

By – Rohit Srivastava, Founder
Stock trading

Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading

By – Rohit Srivastava, Founder
Stock trading

Market 103: Mastering Trends with RMI and Techno-Funda Insights

By – Rohit Srivastava, Founder
Stock trading

Market 104: Options Trading: Kickstart Your F&O Venture

By – Saketh R, Founder- QuickAlpha, Full Time Options Trader
Stock trading

ROC Made Easy: A Master Course for the ROC Stock Indicator

By – Saurdeep Dey, Equity and Commodity Trader, Trainer
Stock trading

RSI Made Easy: RSI Trading Course

By – Saurdeep Dey, Equity and Commodity Trader, Trainer
Stock trading

Technical Analysis for Everyone – Technical Analysis Course

By – Abhijit Paul, Head of Technical Research, Fund Manager- ICICI Securities
Stock trading

Introduction to Technical Analysis and Candlestick Theory

By – Dinesh Nagpal, Full Time Trader, Ichimoku and Trading Psychology Expert
Stock trading

Options Trading Course for Beginners

By – Chetan Panchamiya, Options Trader
Stock trading

Options Scalping Made Easy

By – Sivakumar Jayachandran, S Scalper
Stock trading

Futures Trading Made Easy: Futures and Options Trading Course

By – Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant
Stock trading

Stock markets made easy

By – elearnmarkets, Financial Education by StockEdge
Stock trading

Renko chart patterns made easy

By – Kaushik Akiwatkar, Derivatives Trader and Investor
Stock trading

Options Trading Made Easy: Options Trading Course

By – Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant
Stock trading

Stock Investing Made Easy: An Introductory Stock Market Investment Course

By – elearnmarkets, Financial Education by StockEdge
Stock trading

Macroeconomics Made Easy: Online Certification Course

By – Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant
Stock trading

Stock valuation made easy

By – Raunak Gouty, Investment Commentary Writer

per share Rs. The floor price of 109.16 is based on the price formula prescribed under Regulation 176 of the SEBI ICDR Regulation, the bank said in an exchange filing.

(You can now subscribe to our ETMarkets WhatsApp channel)

Leave a Reply Cancel reply

Leave a Reply