ISIN: INE695A01019
IPO Listing Date: Thursday, March 18, 2010
BSE Script Code: 533171
NSE Symbol: UNITEDBNK
Listing in: 'B' Group of Securities
Issue Price: Rs.66/- per equity share (Discount of Rs.3 to Retail Investors and Eligible Employees)

Listing Price and Info (on Thursday, March 18, 2010):

On the BSE			On the NSE
Open:	77.00		Open:	74.90
High:	77.00		High:	77.00
Low:	68.10		Low:	68.00
Close:	68.80		Close:	68.75

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No. of Sh Applied		No. of Sh Allotted		Ratio
100		100		4:37
200		100		8:37
300		100		12:37
400		100		16:37
500		100		20:37
600		100		24:37
700		100		28:37
800		100		32:37
900		100		36:37
1000		108		1:1
1100		119		1:1
1200		130		1:1
1300		140		1:1
1400		151		1:1
1500		161		1:1

The Retail Category was over-subscribed 9.27 times. In case of Retail Investors, the shares were allotted at a discount of Rs 3/- per equity share to the issue Price of Rs 66/- equity share. The total number of shares allotted in this category is 1,45,02,330 Equity Shares to 1,02,485 successful applicants

The Equity Shares of United Bank of India, will be listed and admitted to the dealings on the Exchanges with effect from Thursday, March 18, 2010 under the 'B' Group of Securities. Click here for Listing Dates and Info

United Bank of India IPO, which closed for subscription on Thursday, February 25, 2010, had concluded with a passionate response from Investors. The IPO was oversubscribed by an impressive 33.38 times on an overall basis with a strong response from QIB and HNI Categories, which was oversubscribed 47.08 times and 39.15 times respectively. Retail Investors had also joined in on the last day of the IPO, with a zealous response with the category finally getting oversubscribed 9.80 times

United Bank of India is one of the 14 major banks which were nationalised in 1969. Check back Indian IPO Blog for United Bank of India Listing Price and Info

ISIN: INE695A01019
IPO Listing Date: Thursday, March 18, 2010
BSE Script Code: 533171
NSE Symbol: UNITEDBNK
Listing in: 'B' Group of Securities
Issue Price: Rs.66/- per equity share (Discount of Rs.3 to Retail Investors and Eligible Employees)

United Bank of India IPO Allotment Status is declared and can now be checked online

Click here to check your status now

United Bank of India IPO Allotment Status is not yet declared online. United Bank of India IPO was oversubscribed over 33 times on an overall basis with Retail Category getting subscribed 9.80 times. The link for United Bank of India IPO Allotment Status will be updated here as soon as it is made available online. Check back here for latest updates on United Bank of India IPO Allotment Status

Update:  United Bank of India IPO Allotment Status declared

United Bank of India IPO, which closed for subscription today, i.e. on Thursday, February 25, 2010, has concluded with a passionate response from Investors. The IPO has been oversubscribed by an impressive 33.38 times on an overall basis with a strong response from QIB and HNI Categories, which are oversubscribed 47.08 times and 39.15 times respectively. Retail Investors have also joined in on the last day of the IPO, with a zealous response with the category finally getting oversubscribed 9.80 times

It deserves mention that the IPO was subscribed only 2.65 times till yesterday, i.e. till second day of its opening with the Retail Category getting subscribed only 70.01% till Day 2

United Bank of India IPO Subscription Status (Final) as on Thursday, February 25, 2010 1900 hrs IST:
QIB: 47.08 times
Non-Institutional Investors: 39.15 times
Retail: 9.80 times
Employees: 0.53 times
Overall: 33.38 times

Click here to view United Bank of India IPO - Subscription Statistics

Category		No.of shares offered / reserved		No. of shares bid for		No. of times of total meant for the category
QIB		28500000		1341847100		47.0824
HNI		4750000		185974500		39.1525
Retail (RII)		14250000		139704100		9.8038
Employees		2500000		1325200		0.5301
Overall						33.38	times

United Bank of India IPO is oversubscribed more than 33 times on an overall basis.

The detailed category-wise subscription status of the IPO will be updated here in a short while. Check back this post frequently for updates on United Bank of India IPO Subscription Status

Update: United Bank of India IPO finally oversubscribed 33.38 times

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

United Bank of India IPO has been subscribed more than 2.5 times till about 4:00 PM on Day 2 of its opening on an overall basis, as per data available on the NSE Website. Stay tuned for detailed category-wise subscription status of the IPO on Day 2


United Bank of India IPO, which opened for subscription on Tuesday, February 23, 2010, was subscribed 1.88 times on an overall basis on its opening day, mainly on support from the QIB Category

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!

As per the data available on NSE Website, the IPO of United Bank of India has been bid about 1.88 times till 5:00 pm on its opening day. The detailed category-wise bidding status as on First Day will be updated soon. Check back frequently for United Bank of India Bidding Status on its opening day

The IPO consists of 5 Crore Equity Shares, having a Face Value of Rs.10/- each. The equity shares are offered in a price band of Rs.60/- to Rs.66/- per equity share with a bid lot of 100 Equity Shares and in multiples thereof. The IPO closes for subscription on Thursday, February 25, 2010

Update: United Bank of India IPO subscribed 1.88 times on its opening day

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

Credit rating agency, CARE has assigned an IPO Grade '4/5' for the IPO of United Bank of India IPO, indicating above average fundamentals. CARE assigns IPO Grades 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. CARE's IPO Grading assigned to any individual issue represents a relative assessment of the fundamentals of the issuer

The IPO Grading Document for United Bank of India IPO can be downloaded from here

The Initial Public Offer (IPO) of United Bank of India, one of the 14 major banks which were nationalised on July 19, 1969, opens for subscription from today. The IPO consists of 5 Crore Equity Shares, having a Face Value of Rs.10/- each

The IPO comprises of a net issue of 4.75 Crore Equity Shares of Face Value of Rs.10/- each to the public and a reservation of 25 Lakh Equity Shares for subscription by eligible employees. The issue shall constitute 15.80% of the post issue paid-up capital and the net issue shall constitute 15.01% of the post-issue capital of the bank. Thus, post the stake dilution, government holding in the bank would stand at 84.2%

The IPO would remain open for subscription till Thursday, February 25, 2010. The day to day subscription status of the IPO will be posted here. Check back frequently for latest updates on United Bank of India IPO!

- Draft Prospectus with SEBI
- Red Herring Prospectus 

United Bank of India IPO Bid Lot has been fixed at 100 Equity Shares and in multiples thereof. The price band for the IPO is Rs.60/- to Rs.66/- per equity share. The IPO consists of 50,000,000 Equity Shares of Rs. 10/- each

United Bank of India IPO is open between Tuesday, February 23, 2010 and Thursday, February 25, 2010

1. To augment capital base to meet the future capital requirements arising out of the growth in their assets due to the growth of the Indian economy; and
2. For meeting the expenses of the Issue

Issue Size: 50,000,000 Equity Shares of Rs. 10/- each
Issue Opens on: Tuesday, February 23, 2010
Issue Closes on: Thursday, February 25, 2010
Price Band: Rs.60/- to Rs.66/- per equity share
Bid Lot: 100 Equity Shares and in multiples thereof
Listing on: BSE, NSE
Lead Managers: Edelweiss Cap. Ltd., SBI Cap. Markets Ltd.
Registrar: Link Intime India Pvt. Ltd.



More posts on United Bank of India IPO:

> United Bank of India IPO | Download Red Herring Prospectus

> United Bank of India IPO - Objects of the Issue
> United Bank of India IPO Rating