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Haryana Gramin Bank Eyes IPO Listing Soon
19 Jan
Summary
- Dedicated IPO cell created within Haryana Gramin Bank.
- Punjab National Bank is guiding listing preparations.
- Sebi approval is being sought soon by the bank.
Haryana Gramin Bank is making swift progress in its preparations for an anticipated stock market listing. As one of three Regional Rural Banks (RRBs) selected for this initiative, the bank is operating under the close guidance of its sponsor, Punjab National Bank.
The bank has recently established a specialized IPO cell to manage the intricacies of the listing process. To further support this endeavor, Punjab National Bank has assigned a company secretary and chartered accountants to assist with due diligence and proposal finalization.
With these preparations advancing rapidly, Haryana Gramin Bank is hopeful of submitting its proposal to the Securities and Exchange Board of India (Sebi) shortly. A recent review meeting held by the Department of Financial Services underscored the importance of these steps, with the bank committed to adhering to all government directives.
