What is Haryana Gramin Bank doing for its IPO?

Haryana Gramin Bank has formed a dedicated IPO cell and is receiving guidance from Punjab National Bank for its planned stock market listing.

When will Haryana Gramin Bank list?

The bank is working at a fast pace and hopes to approach SEBI soon for listing approval.

Who is assisting Haryana Gramin Bank with its listing?

Punjab National Bank is guiding the listing process and has provided a company secretary and chartered accountants for assistance.

Home / Business and Economy / Haryana Gramin Bank Eyes IPO Listing Soon

Haryana Gramin Bank Eyes IPO Listing Soon

19 Jan

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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 Eyes IPO Listing Soon

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.

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