UCO Bank FPO : Likely by March-end

by khalid on 04/02/2010 · 0 comments

The Follow On Public Offer (FPO) of UCO Bank is likely to open by March end. Board of the UCO Bank has approved to come out with 6 crores shares of Rs 10 each with the premium decided later on. Tha bank chairman said that he will prefer FPO instead of QIP route of raising money. He expects to raise Rs 400 crores via this FPO.

The Government is also going to infuse Rs 500 crores.

The bank had raised Rs 240 crores via an initial public offer (IPO) in September 2003, priced at Rs 12 per share.

Share’s Data :
BSE Code : 532505
Mkt. Cap: Rs 3134 Crores
P/E: 5.83
EPS: 10.15
Face Value : Rs 10
Last Dividend : 10% On May 2009
52 Week H/L : Rs 64.75 / 22.10
UCO Bank share’s CMP is Rs 57.05 on 4th Feb 2010.

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