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United Bank of India IPO IPO

Mainline23 Feb 201025 Feb 2010
Open
23 Feb 2010
Close
25 Feb 2010
3
Allotment
Listing
Thu, Mar 18, 2010
Price Band
₹60 to ₹66
Issue Size
5,00,00,000 shares (agg. up to ₹325 Cr)
Lot Size
100 Shares
Listing Date
Thu, Mar 18, 2010
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Live Subscription

CategorySubscription (times)
Total33.24x

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1Augment our capital base to meet the future capital requirements arising out of the implementation of the Basel II standards and the growth in our assets, primarily our loan and investment portfolio due to the growth of the Indian economy312.14
2General Corporate Purposes
3Issue expenses12.84

About United Bank of India IPO

United Bank of India is a public sector banking institution with branches in 28 States and in 4 Union Territories in India. The Bank is currently wholly-owned by the Government of India. As of December 18, 2009, they had 1,484 branches, 265 ATMs, 28 regional offices and 11 extension counters. United Bank is in the process of opening a representative office in Dhaka, Bangladesh. As of December 18, 2009, company had a workforce of 15,813 employees (including part-time employees). United Bank of India is one of the 14 banks which were nationalised on July 19, 1969.United's business is principally divided into retail banking, corporate / wholesale banking, priority sector banking, treasury operations and other banking services such as agency functions for insurance and mutual fund distribution, pension and tax collection services. Their retail banking business provides financial products and services to retail customers. United Bank provide loans and advances for housing, trade, automobiles, consumer durables, education, personal loans and other retail products. Also they provide commercial banking products and services to corporate customers, including mid-sized and small businesses a

Contact Details

United Bank of India Address11, Hemanta Basu SaraniKolkata, West Bengal, 70000191 33 2248 7472investors@unitedbank.co.inVisit Website