United Bank of India IPO subscribed 2.65 times till second day - Indian IPO Blog

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Wednesday, February 24, 2010

United Bank of India IPO subscribed 2.65 times till second day

United Bank of India IPO has been subscribed 2.65 times till the second day of its opening. The subscription is mainly supported by the QIB Category which is now subscribed above 4 times. Meanwhile, the HNI Category has been fully subscribed and subscription in this category stands at 1.01 times till Day 2. Following is the category-wise bidding status of the IPO till second day:

United Bank of India IPO Bidding Status as on Wednesday, February 24, 2010 1700 hrs IST:
QIB: 4.13 times
Non-Institutional Investors: 1.01 times
Retail: 0.70 times
Employees: 0.12 times
Overall: 2.65 times

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Neogen Chemicals IPO subscription status on Day 2

QIB: 0.95x HNI: 1.12x Retail: 3.14x Overall: 2.08 times