Punjab & Sind shares debut up 20% on NSE

State-run Punjab & Sind bank's shares debuted 20% higher on the NSE today after raising 4.8 billion rupees via its initial public offer.

State-run Punjab & Sind Bank's shares debuted 20% higher on the NSE on Thursday after raising 4.8 billion rupees via its initial public offer.

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At 9.17 am, shares were up 10% at 132 rupees while NSE Benchmark Nifty was up 0.23%.

The firm sold 40 million shares at 120 rupees per share via the IPO.