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United Bank of India IPO (United Bank of India IPO) Detail

Feb 23, 2010 - Feb 25, 2010

United Bank of India is a public sector banking institution with branches in 28 States and in 4 Union Territories in India. The Bank is currently wholly-owned by the Government of India. As of December 18, 2009, they had 1,484 branches, 265 ATMs, 28 regional offices and 11 extension counters. United Bank is in the process of opening a representative office in Dhaka, Bangladesh. As of December 18, 2009, company had a workforce of 15,813 employees (including part-time employees). United Bank of India is one of the 14 banks which were nationalised on July 19, 1969.

United's business is principally divided into retail banking, corporate / wholesale banking, priority sector banking, treasury operations and other banking services such as agency functions for insurance and mutual fund distribution, pension and tax collection services. Their retail banking business provides financial products and services to retail customers. United Bank provide loans and advances for housing, trade, automobiles, consumer durables, education, personal loans and other retail products. Also they provide commercial banking products and services to corporate customers, including mid-sized and small businesses and government entities. They offer direct financing to farmers for production and investment, as well as indirect financing for infrastructure development and credit to suppliers of agricultural inputs.

In Fiscal 2009, company made a net profit of Rs. 358.55 crore and had net assets of Rs. 61,500.78 crore and net worth of Rs. 2,537.83 crore. As of September 30, 2009, they made a net profit of Rs. 231.10 crore and had net assets of Rs. 71,952.25 crore and net worth of Rs. 2,769.87 crore. They have experienced growth in deposits and advances, with deposits growing at a compounded annual rate of 21.1% during the last five fiscal years and net advances growing at a compounded annual rate of 32.8% during the same period.

Company Financials:

ParticularsFor the year/period ended (Rs.in Crore)
30-Sep-0931-Mar-0931-Mar-0831-Mar-0731-Mar-06
Total Income2,775.634,802.734,022.803,172.772,796.99
Profit After Tax (PAT)231.10 358.55145.11267.28204.56

Objects of the Issue:

The objects of the Issue are:

1. To augment capital base to meet the future capital requirements arising out of the growth in their assets due to the growth of the Indian economy; and
2. For meeting the expenses of the Issue.

United Bank of India IPO Details

Issue OpenFeb 23, 2010 - Feb 25, 2010
Issue TypeBook Built Issue IPO
Issue Size50,000,000 Eq Shares of ₹10
(aggregating up to ₹324.98 Cr)
Face Value₹10 Per Equity Share
Issue Price₹60 to ₹66 Per Equity Share
Market Lot100 Shares
Min Order Quantity100 Shares
Listing AtBSE, NSE

United Bank of India IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum1100₹6,600
Maximum303000₹198,000

United Bank of India IPO Grading / Rating

ICRA has assigned an IPO Grade 3 to United Bank of India IPO. This means as per ICRA, company has average fundamentals. ICRA assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the ICRA IPO Grading Document for United Bank of India.

Check IPO Ratings from other stock analysts.

United Bank of India IPO Subscription Status (Bidding Detail)

United Bank of India IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Employee

Total

Shares Offered

28,500,000

4,750,000

14,250,000

2,500,000

50,000,000

Feb 25, 2010 19:00

47.08x

39.15x

9.80x

0.53x

33.38x

United Bank of India IPO Prospectus

United Bank of India IPO Rating

333
4.0
Rating:Rated 4.0 stars

Vote Here ...

United Bank of India IPO Listing Date

Listing DateThursday, March 18, 2010
BSE Script Code533171
NSE SymbolUNITEDBNK
Listing InB
ISININE695A01019
Issue Price₹66 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE
₹66.00
₹77.00
₹68.10
₹77.00
₹68.80
28,299,084
NSE
₹66.00
₹74.90
₹68.00
₹77.00
₹68.65
55,114,360

United Bank of India IPO Reviews / Ratings

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Company Contact Information

United Bank of India
United Bank of India,
11, Hemanta Basu Sarani,
Kolkata - 700 001, West Bengal

Phone: 91 33 2248 7472
Email: investors@unitedbank.co.in
Website: http://www.unitedbankofindia.com

United Bank of India IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: ubi.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

United Bank of India IPO FAQs

  1. 1. What is United Bank of India IPO?

    United Bank of India IPO is a main-board initial public offering of 50,000,000 equity shares of the face value of ₹10 aggregating up to ₹324.98 Crores.

    The issue price of the IPO is ₹60 to ₹66 Per Equity Share. The minimum order quantity is 100 Shares per application and the offer type is Book Built Issue.

    The IPO opens on Feb 23, 2010 and closes on Feb 25, 2010.

    Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. 2. When United Bank of India IPO will open?

    The United Bank of India IPO opens on Feb 23, 2010 and closes on Feb 25, 2010.

  3. 3. How to apply for United Bank of India IPO?

    United Bank of India IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When United Bank of India IPO allotment?

    The finalization of Basis of Allotment for United Bank of India IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the United Bank of India IPO allotment status.

  5. 5. When is United Bank of India IPO listing date?

    The United Bank of India IPO listing date is on Thursday, March 18, 2010, at BSE, NSE.
  6. 6. What is the lot size of United Bank of India IPO?

    United Bank of India IPO lot size is 100 Shares and the minimum order quantity is 100 Shares.

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United Bank of India IPO Review / Comments

Ravi, Bangalore
626. Ravi, Bangalore  Apr 7, 2010 20:18 I Like It. | Report Abuse
United Bank 74.15- Target 74.8, 81.35, 85.75+. Stop-loss 68.

Stop-loss is important.

Validity: 29/04/2010. Fresh review required after validity period.
Rahul
625. Rahul  Apr 5, 2010 21:54 I Like It. | Report Abuse
624. BJ

Ask NEHA
BJ
624. BJ  Apr 3, 2010 11:39 I Like It. | Report Abuse
when will this reach 80 :(
CNU
623. CNU  Apr 1, 2010 14:45 I Like It. | Report Abuse
Yeah, nearly 5% up good move
Raghu
622. Raghu  Apr 1, 2010 13:18 I Like It. | Report Abuse
Finally UBI has started moving!!!
IPOEXPERT
621. IPOEXPERT  Mar 29, 2010 02:05 I Like It. | Report Abuse
GET READY FOR UPSIDE FOR UNITED BANK STARTING FROM TOMMORROW.
BUY AT 67.35 TARGET OF 72 THEN 78-80 KEEP A STOP LOSS OF 65 RS.

BOTH UNITED BANK ARE CENTRAL BANK LOOK GOOD TO BUY CONSIDERING THE FACT ALL LARGE BANKS HAVE STARTED AN UPMOVE SO NOW ITS CHANCE FOR MID CAP AND SAMLL CAP BANKS
Gane
620. Gane  Mar 28, 2010 22:43 I Like It. | Report Abuse
I am holding 166 shares in UBI. This is also good bank and I am sure it will go close to 85-90 rupees soon. But I am not very sure about the downfall of this stock at this moment. I expect that to be happened on the listing day itself.

Anybody has some idea about what is going on? Is it good to wait for sometime?

Gane.
Raghu
619. Raghu  Mar 26, 2010 18:16 I Like It. | Report Abuse
It's not only with United bank, Gov is planning UCO bank FPO in April and they are planning to Price the FPO price around Rs.66. The stock is available at 56 in the current market.

In CNBC, during the show, when they asked about this price variations, the CMD of the bank is convincing that,it is just a 400 crore issue and people are ready to accept the price. He is telling that issue will go through successfuuly and confident about it.

They are thinking that we are fools to accept at what ever price they offer. Friends be very careful with this gov FPO's and IPO's.
Amar
618. Amar  Mar 26, 2010 17:52 I Like It. | Report Abuse
All Banking are going up, both from private and public sector.
But United Bank of India, is the only stock that is falling. This happened yesterday too.

It's looks like fundamentally something is wrong with this bank. Every analyst is telling it is undervalued, but no any big investor is ready to buy even at these levels.

This tells that analyst are wrong in evaluating the stock P/E's. It seems to be fully priced in and stock is likely to settle around 60.

This is likely to underperform for few months before it can take off.

Very disappointed with this stock performance :(
RJ
617. RJ  Mar 26, 2010 13:08 I Like It. | Report Abuse
Thank you Mr Ravi, Bangalore for your analysis.
Ravi, Bangalore
616. Ravi, Bangalore  Mar 25, 2010 19:50 I Like It. | Report Abuse
United Bank 68.35- Target 64-62 zone, 60-56 zone or even below 53.

It will become neutral on close above 71.

Fundamental Value seen at 88, probably in 6 - 9 months.
toshniwal
615. toshniwal  Mar 24, 2010 22:49 I Like It. | Report Abuse
Thanks GEM
What do you think abt. NMDC?
At what prise, I must exit.
GEM IPO FINDER
614. GEM IPO FINDER  Mar 24, 2010 12:57 I Like It. | Report Abuse
TOSHNIWAL
HOLD AT LEAT 80 IN 1-2 MONTHS, I HAVE ALSO BOUGHT 1200 SHARES @67.05 AND IPO 1000 SHARES I WILL NOT EXIT BELOW 85-90 I M MAY GET THAT PRICE 3-6 MONTHS
toshniwal
613. toshniwal  Mar 23, 2010 23:00 I Like It. | Report Abuse
GEM/Shreedhar ji
I am holding one hundred shares each in two demat a/c
Should I hold these alloted shares or exit at current rates?
Let me know about the short term out look????????
Kaka Kahin
612. Kaka Kahin  Mar 23, 2010 12:32 I Like It. | Report Abuse
hamar e kahna he ki neha madam aur tulsiyanji ki shadi kara di jaye koki dono ek hi thali k chatte batte he
Dipak
611. Dipak  Mar 22, 2010 17:41 I Like It. | Report Abuse
Nihar behenji,
U pls don't behave like don****.
Some boaders are in love with u..
Jai hoo Delhi High court ki.
ABC
610. ABC  Mar 22, 2010 15:03 I Like It. | Report Abuse
UBI would also become like NHPC or what???

ALready after listing the repo & reverse rapo is increaded so chances of going up are less now

Be aware friends
IMRAN
609. IMRAN  Mar 21, 2010 00:51 I Like It. | Report Abuse
Hi Friends Mein HOLD KAR RAHA HU AGAR NICHE AAYA TO LONG TURM HOLD KARUNGA LEKIN 30 % profit k bhina nahi niklunga jitna time rukunga utna he profit TGT jyada hoga mera UBI achi bank hai Eak saal mein pakka 2 times hoga
STUPID NEHA AND VISHU
608. STUPID NEHA AND VISHU  Mar 20, 2010 22:02 I Like It. | Report Abuse
Don't fight guys, gals and gays.
STUPID NEHA
607. STUPID NEHA  Mar 20, 2010 21:51 I Like It. | Report Abuse
Sorry for writing message on name of vishu below. I have sold all my shares and wanted everyoe not to sell share so that it does not go down and i can sell this stock as i know all psu banks like indian bank and central bank are going to go down.

sorry vishu.



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