United Bank of India(Merged) IPO


IPO Subscription Details

  • Open Date 23 Feb
  • Close Date 25 Feb
  • Lot Size 100
  • IPO Size ₹ 324.98 Cr
  • IPO Price Range ₹ 66
  • Min Investment ₹ 6600

IPO Synopsis

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.

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 United Bank of India(Merged) IPO

Contact Information

United Tower,
11 Hemanta Basu Sarani,
Kolkata, West Bengal 700001

United Bank of India(Merged) IPO Lead Manager

Edelweiss Capital LtdEnam Securities Pvt LtdSBI Capital Markets Ltd

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