United Bank of India - IPO

G

goodbrother

Active Member
#1
#1
This is Last UNLISTED PSU Bank for disinvestment.

One should apply for . Discount of 3/ is being offered to Retail investors.

may oversubscibe in retail 12 to 15 + times
 
G

goodbrother

Active Member
#3
#3
Union Bank is seperate bank already listed .

we had 3 unlisted PSU banks, to be listed through IPO last year
Indian bank
Central bank
United bank of India

out of these 3 , Indian Bank & Central bank were disinvested through IPO , now Last PSU Bank IPO for United bank is on Floor , Don't miss , apply as per funds available
 
M

magnet

Active Member
#4
#4
United Bank of India IPO to open for subscription on February 23, 2010

The Initial Public Offering (IPO) of United Bank of India will hit markets on February 23, 2010.

The company is coming out with IPO of 500,00,000 Equity Shares of Rs.10/- each for cash at a Price Band of Rs.60/- to Rs.66/- through 100% book building process. The Bank is also offering a discount of 5% for retail investors.

The Lot Size is 100 Shares and Multiple of 100 shares. The Net offer to the Public is 4,75,00,000 Equity Shares.

The QIB Book is 2,85,00,000 shares (60% of Net issue size), Retail Book is 1,42,50,000 shares (30% of Net issue size) and HNI Book is 47,50,000 shares (10% of Net issue size). The Employee Reservation is 25,00,000 Equity Shares.

The IPO closes for subscription on February 25, 2010.
Click to expand...
source equitybulls



But good doesnt the bank have very low profit ard 2-3% thats way below 10% na
 
G

goodbrother

Active Member
#5
#5
magnet said:
source equitybulls



But good doesnt the bank have very low profit ard 2-3% thats way below 10% na
Click to expand...
dear magnet
you are right to say that it has very low profit.
since it is Last Unlisted PSU Bank for disinvestment , and retail may get maxm 100 to 150 shares depending on oversubscription.One may not get immidiate huge Listing gains , but a fresh Banking share for portfolio which will give good return in medium term as by other PSU Banks.

GB
 
G

goodbrother

Active Member
#6
#6
ALLOTMENT EXPECTED:

Retail portion : 9.80 times

Appl 100 to 900 shares : may be allotted 100 shares by Lottery
Appl 1000 to 1500 shares : divide appl quantity with 9.80 to know FIRM shares allotment + few shares extra on a/c of rejection , employee unsubscribed portion etc.

LISTING EXPECTED:

siince overall oversubscription is 33.37 times

QIB 47.08 times and NIB 39.15 times


Final price seems to be decided 66/ so retail will get at 63/

good Listing may be expected around 75/
 
You must log in or register to reply here.
Thread starter Similar threads Forum Replies Date
Top_Massage UNITED STATES OF BANKNIFTY Derivatives 472
M Trade in UNITED SPIRITS Futures Derivatives 1
v'nod47 United spirit Equities 12
L United phosphorus Introductions 0
C Mcdowells(United spirit) Technical Analysis 0

Similar threads