Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
United Bank of India IPO is a book built issue of Rs 324.98 crores.
United Bank of India IPO bidding started from February 23, 2010 and ended on February 25, 2010. The shares got listed on BSE, NSE on March 18, 2010.
United Bank of India IPO price band is set at ₹60 to ₹66 per share. The minimum lot size for an application is 100 Shares. The minimum amount of investment required by retail investors is ₹6,600.
Edelweiss Financial Services Ltd, Axis Capital Limited and SBI Capital Markets Limited are the book running lead managers of the United Bank of India IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to United Bank of India IPO RHP for detailed information.
| IPO Date | February 23, 2010 to February 25, 2010 |
| Listing Date | March 18, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹60 to ₹66 per share |
| Lot Size | 100 Shares |
| Total Issue Size | 50,000,000 shares (aggregating up to ₹324.98 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 266,430,800 |
| Share holding post issue | 316,430,800 |
United Bank of India IPO offers 50,000,000 shares. 28,500,000 (57.00%) to QIB, 4,750,000 (9.50%) to NII, 14,250,000 (28.50%) to RII, 2,500,000 (5.00%) to employees. 142,500 RIIs will receive minimum 100 shares and (sNII) and (bNII) will receive minimum 3,100 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 28,500,000 (57.00%) | NA |
| NII (HNI) Shares Offered | 4,750,000 (9.50%) | |
| Retail Shares Offered | 14,250,000 (28.50%) | 142,500 |
| Employee Shares Offered | 2,500,000 (5.00%) | NA |
| Total Shares Offered | 50,000,000 (100%) |
Investors can bid for a minimum of 100 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹6,600 |
| Retail (Max) | 30 | 3000 | ₹198,000 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 84.2% |
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 and government entities. They offer direct financing to farmers for production and investment, as well as indirect financing for infrastructure development and credit to suppliers of agricultural inputs.
In Fiscal 2009, company made a net profit of Rs. 358.55 crore and had net assets of Rs. 61,500.78 crore and net worth of Rs. 2,537.83 crore. As of September 30, 2009, they made a net profit of Rs. 231.10 crore and had net assets of Rs. 71,952.25 crore and net worth of Rs. 2,769.87 crore. They have experienced growth in deposits and advances, with deposits growing at a compounded annual rate of 21.1% during the last five fiscal years and net advances growing at a compounded annual rate of 32.8% during the same period.
| Particulars | For the year/period ended (Rs.in Crore) | ||||
| 30-Sep-09 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | |
| Total Income | 2,775.63 | 4,802.73 | 4,022.80 | 3,172.77 | 2,796.99 |
| Profit After Tax (PAT) | 231.10 | 358.55 | 145.11 | 267.28 | 204.56 |
| KPI | Values |
|---|---|
| RoNW | 14.13% |
The objects of the Issue are:
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.
The United Bank of India IPO is subscribed 33.38 times on February 25, 2010 7:00:00 PM. The public issue subscribed 9.80 times in the retail category, 47.08 times in the QIB category, and 39.15 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 47.08 |
| NII | 39.15 |
| Retail | 9.80 |
| Employee | 0.53 |
| Total | 33.38 |
ICRA has assigned an IPO Grade 3 to United Bank of India IPO. This means as per ICRA, company has average fundamentals. ICRA assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the ICRA IPO Grading Document for United Bank of India.
| Listing Date | March 18, 2010 |
| BSE Script Code | 533171 |
| NSE Symbol | UNITEDBNK |
| ISIN | INE695A01019 |
| Final Issue Price | ₹66 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹66.00 |
| ₹77.00 |
| ₹68.10 |
| ₹77.00 |
| ₹68.80 |
| NSE |
|---|
| ₹66.00 |
| ₹74.90 |
| ₹68.00 |
| ₹77.00 |
| ₹68.65 |
United Bank of India
United Bank of India,
11, Hemanta Basu Sarani,
Kolkata - 700 001, West Bengal
Phone: 91 33 2248 7472
Email: investors@unitedbank.co.in
Website: http://www.unitedbankofindia.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: ubi.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
United Bank of India IPO is a main-board IPO of 50,000,000 equity shares of the face value of ₹10 aggregating up to ₹324.98 Crores. The issue is priced at ₹60 to ₹66 per share. The minimum order quantity is 100 Shares.
The IPO opens on February 23, 2010, and closes on February 25, 2010.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The United Bank of India IPO opens on February 23, 2010 and closes on February 25, 2010.
United Bank of India IPO lot size is 100 Shares, and the minimum amount required is ₹6,600.
You can apply in United Bank of India IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for United Bank of India IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the United Bank of India IPO allotment status.
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
Stop-loss is important.
Validity: 29/04/2010. Fresh review required after validity period.