United Bank of India IPO, which opened for subscription from today, has been subscribed 1.88 times on an overall basis on its opening day, mainly on support from the QIB Category, which is oversubscribed 3.24 times. HNI and Retail Category have both received feeble response on the opening day with HNI Category getting bid upto 0.0041 times and Retail Category receiving bids for 1736400 as against 14250000 reserved for the category. Following is the Bidding Status of United Bank of India IPO on Day 1:
United Bank of India IPO Bidding Status as on Day 1, i.e. February 23, 2010 1700 hrs IST:
QIB: 3.24 times
Non-Institutional Investors: 0.00 times
Retail: 0.12 times
Employees: 0.01 times
Overall: 1.88 times
The IPO closes for subscription on Thursday, February 25, 2010. Stay tuned to Indian IPO Blog for latest bidding status updates on United Bank of India IPO!
Tuesday, February 23, 2010
United Bank of India IPO subscribed 1.88 times on its opening day
Tags
# Bidding status
# Day 1 Subscription Status
# IPO News
# IPO Statistics
# IPO Status
# IPO Updates
# Retail Bidding Status
# United Bank IPO
# United Bank IPO Subscription Status
# United Bank of India IPO
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