United Bank of India IPO - ICRA Rating - Indian IPO Blog

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Tuesday, February 23, 2010

United Bank of India IPO - ICRA Rating

Credit Rating Agency ICRA has assigned an IPO Grade 3 to the IPO of United Bank of India. ICRA assigns IPO gradings on a scale of IPO Grade 5 to IPO Grade 1, with IPO Grade 5 indicating strong fundamentals and IPO Grade 1 indicating poor fundamentals. An IPO Grade 3 from ICRA means that the company has average fundamentals. The IPO Grading Document for United Bank of India IPO can be downloaded from here


The IPO consists of 5 Crore Equity Shares, having a Face Value of Rs.10/- each. The IPO would remain open for subscription between Tuesday, February 23, 2010 and Thursday, February 25, 2010. The day to day subscription status of the IPO will be posted here. Check back Indian IPO Blog frequently for latest updates on United Bank of India IPO!


More posts on United Bank of India IPO:
> United Bank IPO opens for subscription
> United Bank of India IPO | Download Red Herring Prospectus
> United Bank of India IPO Bid Lot and Price Band
> United Bank of India IPO - Objects of the Issue
> United Bank of India IPO Details
> United Bank of India IPO Price Band
> United Bank of India IPO to open from Tuesday, February 23, 2010

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