United Bank Of India IPO

Hey buddy please tell is United Bank of India fixes his IPO share if yes can you please get some information about it?

[Kiran Chandar]

Yes United bank of India fixes its IPO share price by 60 for that I will get come information about it so that you can clear your doubt easily.

Here is the details about the share price

A discount of Rs 3 per share has been offered to retail individual investors and eligible employees, United Bank said in a public announcement today.

At the issue price of Rs 66 per share, the bank raised Rs 324.98 crore.

The public issue of United Bank was open for subscription between February 23 and February 25.

The bank would be utilising the IPO proceeds to expand its balance sheet and augment capital base.

Shares offered through the IPO are proposed to be listed on the National Stock Exchange and the Bombay Stock Exchange.

The issue constitutes 15.80 per cent of the post issue paid-up capital of the bank.

SBI Capital Markets, Edelweiss Capital and Enam Securities are the book-running lead-managers to the issue


Address:-
United Bank Of India
J. C. Das Building
9/90, Block-P,
Connaught Circus,
New Delhi-110 001
Phone:-
[011] 2374-1565