Punjab National Bank

Qualified Institutional Placement

Service

October 2024

Date

Banking, Financial Service and Insurance

Sector

INR 50,000 MN

Deal Value

Punjab National Bank

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