IPO Details - Punjab & Sind Bank

[CONFUSED]

Punjab & Sind Bank founded in the year 1908 started functioning from the Holy City of Amritsar. Today it is a strong & vibrant Bank with 933 branches and 73 ATMs across India. IPO of State-owned Punjab & Sind Bank will be opening for subscription from December 13.

Issue Open: Dec 13, 2010 - Dec 16, 2010
Issue Size: 40,000,000 Equity Shares of Rs. 10

[CONFUSED]

Issue Size: Rs. 452.00 - 480.00 Crore
Issue Price: Rs. 113 - Rs. 120 Per Equity Share

[CONFUSED]

1- CARE Limited has assigned an IPO Grade 4 to Punjab & Sind Bank IPO. This means as per CARE, company has 'Above Average Fundamentals'.
2- Subscribe to Punjab & Sind Bank IPO: Hem Securities

[sagar_joshi]

Is it the right time to buy the P&S Bank? Current Price Rs. 127, Issue Price - Rs. 120
I havn't applied for the IPO. Please suggest.

[>take]

Is it the right time to buy the P&S Bank? Current Price Rs. 127, Issue Price - Rs. 120
I havn't applied for the IPO. Please suggest. I would suggest wait and watch at the moment! Buy if it goes around 115. There is something fishy is going on with this stock, so be aware. Big shorting happened around 145 today.