United Bank of India IPO : Listing on 18th March 2010

by khalid on 20/03/2010 · 0 comments

United Bank of India is a Government-owned and one of India’s major commercial banks. UBI is one of the 14 major banks which were nationalized in 1969. The bank informed the market (BSE) that the shares of its recent IPO will list on 18th March 2010. The IPO was open from 23rd Feb 2010 to 25th Feb 2010 and oversubscribed 33.38 times (9.80 times in retail).

IPO Listing Detail:-
Listing Date : 18th Mar 2010
BSE Script Code : 533171
NSE Symbol : UNITEDBNK
ISIN : INE695A01019
Listing In : B Group
Issue Price : Fixed at Rs 66.00 Per Share (Discount of Rs 3.00 to retail investors and eligible employees)
Face Value : Rs. 10.00 Per Share

The equity shares of the company are listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) and the performance on first day was as under :-

On the BSE :
Open : 77.00
High : 77.00
Low : 68.10
Close : 68.80

On the NSE :
Open : 74.90
High : 77.00
Low : 68.00
Close : 68.75

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