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IPO

IPO Details


United Bank of India(Merged)
Registered Office: United Tower, 11 Hemanta Basu Sarani, Kolkata - 700001, West Bengal
Phone: 91-033-2248472/22483857
Email: investors@unitedbank.co.in
Website: www.unitedbankofindia.com
Public Issue of 5,00,00,000 equity shares of face value of Rs. 10 each of United Bank of India ("The Bank" or "The Issuer") for cash at a price of Rs. 66/- per equity share (Including a share premium of Rs. 56/- per equity share) aggregating to Rs. 324.98 crores (The "Issue"). The Issue comprises of net issue of 4,75,00,000 equity shares of face value of Rs. 10 each to the public ("Net Issue") and a reservation of 25,00,000 equity shares for subscription by eligible employees (The "Employee Reservation Portion"). The Issue would constitute 15.80% of the post issue paid-up capital of the Bank and the net issue will constitute 15.01% of the post issue paid up capital of the Bank. (A discount of Rs. 3/- to the issue price determined pursuant to completion of the Book Building Process has been offered to Retail individual bidders and eligible employees (The "Retail Discount")) The Issue Price: Rs. 66/- per equity share of face value Rs. 10 each. The Issue Price is 6.6 times of the face value.
Issue Money Payable On
Opens On Closes On Application Allotment
23-Feb-2010 25-Feb-2010 ₹ 66.00 ₹ 0.00
Minimum Application for shares in Nos : 100.0 Further Multiples of : 100.0
(₹)Cr. Lead Managers to the Issue
Project Cost 324.98 Edelweiss Capital Ltd
Project Financed through Current Offer 324.98
Post Issue Equity Share Capital 316.43
Issue Price ₹66.00
Projects
Augment the capital base to meet future capi. req.
Promoted By
President of India
Listing At
BSE
NSE
Registrar to the Issue

INDIAN INDICES

Sensex

82,755.51 700.40 (0.85%)

Nifty

25,244.75 200.40 (0.80%)

GLOBAL INDICES

USD

85.75 0.06 (0.95%)

NASDAQ
HANG SENG

24,474.68 297.60(1.23%)