Deal Details
- QIP of the 2nd Largest Public Sector Bank^ in India
- Offering received an overwhelming response from investors – a testimony to strong financial performance demonstrated by Punjab National Bank
Contribution
- Spearheaded Demand Mobilization in a 11 bank Syndicate
- Highest share in terms of amount procured# (~18%)
- Highest share in terms of number of investors# (~24%)
- Nuvama worked closely with the Bank through the entire QIP process to ensure smooth and successful closure
- With this QIP, Nuvama has successfully closed the 3rd transaction for Punjab National Bank
About
Punjab National Bank is the 2nd largest public sector bank in India^. Its principal business operations are broadly categorized into four segments: corporate/wholesale banking, retail banking, treasury operations and other banking operations
^In terms of total business and deposits as of June 30, 2024; #Ex of LIC & Bank Treasuries