Punjab & Sind Bank (PSB): IPO
I do not particularly feel excited about the issue.
The price of isue is reasonable; bank has plans to increase its netwok of branches etc. However, the present profitability not upto expectations. A realtively small bank,PSB had the reputation for a well-mananged organization. But financials do not look quite impressive.
The scrp may be a safe long term bet. Small exposure can be considered.
