IPO / STOCK BEEPS 14-12-2010

MOIL Limited IPO shares will list on Wednesday, December 15, 2010. Issue price of this IPO has been fixed at Rs 375/- per share. IPO was oversubscribed by 56.43 times (32.86 times in retail).

IPO Listing Detail

Listing Date: Wednesday, December 15, 2010
NSE Symbol: MOIL
Listing In: 'B' Group of Securities
ISIN: INE490G01020
Issue Price: Rs. 375.00 Per Equity Share
Face Value: Rs. 10.00 Per Equity Share

STOCK BEEPS 14-12-2010 :

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Incorporated in 1908, Punjab & Sind Bank is a Government of India (GoI) undertaking bank started in Amritsar. They were one of the six banks nationalized by the Government of India in April 1980, and today, they are one of 19 nationalized banks in India. The primary business of Punjab & Sind Bank is taking deposits and making advances and investments, and is divided into retail banking, corporate banking, priority sector banking, treasury operations and other banking services such as agency functions for insurance, distribution of mutual funds and pension and tax collection services.In retail banking, they provide loans and advances for housing, trade, automobiles, consumer durables, education and personal loans. They provide commercial banking products and services to corporate customers, including mid-sized and small businesses and government entities. As on July 31, 2010, their network comprised of 920 branches and 63 ATMs across India and had a total of 8,116 employees, serving over 0.60 crore customers.

Company Financials:

Particulars	For the year/period ended (in Rs. Crore)
	31-Mar-10	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06
Total Income	4,326.30	3,630.71	2,528.43	1,919.38	1,401.93
Profit After Tax (PAT)	506.82	430.20	402.13	390.27	285.68

IPO Detail:

»» Issue Open: Dec 13, 2010 - Dec 16, 2010
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 40,000,000 Equity Shares of Rs. 10
»» Issue Size: Rs. 452.00 - 480.00 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 113 - Rs. 120 Per Equity Share
»» Market Lot: 50 Shares
»» Minimum Order Quantity: 50 Shares
»» Listing At: BSE, NSE

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