United Bank of India(Merged) - IPO

United Bank of India(Merged) IPO Details

Public Issue of 5,00,00,000 equity shares of face value of Rs. 10 each of United Bank of India (The Bank or The Issuer) for cash at a price of Rs. 66/- per equity share (Including a share premium of Rs. 56/- per equity share) aggregating to Rs. 324.98 crores (The Issue). The Issue comprises of net issue of 4,75,00,000 equity shares of face value of Rs. 10 each to the public (Net Issue) and a reservation of 25,00,000 equity shares for subscription by eligible employees (The Employee Reservation Portion). The Issue would constitute 15.80% of the post issue paid-up capital of the Bank and the net issue will constitute 15.01% of the post issue paid up capital of the Bank.(A discount of Rs. 3/- to the issue price determined pursuant to completion of the Book Building Process has been offered to Retail individual bidders and eligible employees (The Retail Discount))The Issue Price: Rs. 66/- per equity share of face value Rs. 10 each.The Issue Price is 6.6 times of the face value.

Objective of issue

Augment the capital base to meet future capi. req..

United Bank of India(Merged) Contact Details

United Bank of India(Merged), C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

Phone - 91-022-25963838

Fax - 91-022-25946969

Email - investors@unitedbank.co.in

Website - www.unitedbankofindia.com