Union Bank of India IPO

Closed

Subscription Details

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

Union Bank of India IPO Timeline

Open Date
15 Feb
Close Date
21 Feb
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

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 an 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

Open Demat Account