Union Bank of India IPO


IPO Subscription Details

  • Open Date 15 Feb
  • Close Date 21 Feb
  • Lot Size 50
  • IPO Size ₹ 495 Cr
  • IPO Price Range ₹ 110
  • Min Investment ₹ 5500

IPO Synopsis

Public issue of up to 45,000,000 equity shares of Rs. 10 each for cash at a price of Rs.110 per equity share aggregating Rs.495 crores by Union Bank of India (the Bank or Issuer). The issue comprises a net issue to the public of up to 40,500,000 equity shares of Rs. 10 each (the Net Issue) and a reservation for eligible employees of up to 4,500,000 equity shares of Rs. 10 each, at the issue price. The issue will Constitute 8.91% of the total post issue paid-up equity capital of the bank. The face value of the shares is Rs. 10 and the fixed price is 11 times of the face value.

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Union Bank of India IPO