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Published by : IndiatimesUnited Bank of India IPO will list on Thursday, February 25, 2010. Issue price of this IPO has been fixed at Rs 240/- per share. IPO was oversubscribed by 1.36 times (0.2754 times in retail).
IPO Listing Detail
Listing Date: Thursday, March 18, 2010
BSE Script Code: 533171
Listing In: B Group
ISIN: INE695A01019
Issue Price: Rs. 66.00 Per Equity Share
Face Value: Rs. 10.00 Per Equity Share
United Bank of India IPO allotment Status is now available online.
United Bank IPO was open on Feb 23, 2010 and closed on feb 25, 2010. IPO was oversubscribed by 33.38 times (9.8038 times in retail).
United Bank of India IPO finally subscribed 33.38 times. United Bank of India IPO was open on Feb 23, 2010 and closed today on Feb 25, 2010 for subscription. United Bank has received bids for 1,66,88,50,900 shares as against issue size of 5,00,00,000 shares.
Oversubscription detail
Qualified Institutional Buyers (QIBs): 47.0824 Times
Non Institutional Investors: 39.1525 Times
Retail Individual Investors (RIIs): 9.8038 Times
Employee: 0.5301 Times
Total: 33.38 Times
United Bank of India IPO subscribed 2.65 times on its day 2. United Bank of India IPO opens was on Feb 23, 2010 and will close on Feb 25, 2010 for subscription. United Bank has received bids for 13,27,36,100 shares as against issue size of 5,00,00,000 shares.
Oversubscription detail for Day 2
Qualified Institutional Buyers (QIBs): 4.1297 Times
Non Institutional Investors: 1.0050 Times
Retail Individual Investors (RIIs): 0.7001 Times
Employee: 0.1161 Times
Total: 2.65 Times
United Bank of India IPO subscribed 1.88 times on its day 1. United Bank of India IPO opens today on Feb 23, 2010 and will close on Feb 25, 2010 for subscription. United Bank has received bids for 9,41,37,000 shares as against issue size of 5,00,00,000 shares.
Oversubscription detail for Day 1
Qualified Institutional Buyers (QIBs): 3.2403 Times
Non Institutional Investors: 0.0041 Times
Retail Individual Investors (RIIs): 0.1219 Times
Employee: 0.0135 Times
Total: 1.88 Times
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 Bank of India is entering in the capital markets with an initial public offering, IPO of 50,000,000 Equity Shares of Rs. 10 for cash, at a premium to be decided through a 100% Book Built Issue. The price band for the issue has been fixed at Rs 60/- at lower level and Rs 66/- at upper level for equity share of Rs 10/-.
The issue opens on February 23, 2010, and closes for subscription on February 25, 2010. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
The United Bank of India IPO is proposed to open on February 23, 2010. The IPO application ends on February 25, 2010.
Retail investors can apply in the retail or non-institutional investor category from February 23, 2010 to February 25, 2010. The United Bank of India IPO can be applied online through Net Bank (ASBA method) or the stock broker (UPI method).
The United Bank of India IPO will open for subscription on February 23, 2010. The public issue will close on February 25, 2010.
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