Punjab Sind Bank plans to raise up to INR4.80 billion via the IPO, subscriptions for which will close Dec. 16. The initial public offering of state-run Punjab Sind Bank was subscribed 68.55% at 1030 GMT, data on the Bombay Stock Exchange showed Monday, the first day of the issue. The issue of 40 million shares had received bids for 27.02 million, BSE data showed. SBI Capital Markets Ltd., Enam Securities Pvt. Ltd. and ICICI Securities Ltd. are the book runners and lead managers of the issu
