Business Standard

Union Bank of India - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

495.00 cr

Price Range (₹)

110

Lot Size

50

Min Investment (₹)

5,500.00

Listing Exchange

NSEMumbai

Open Date

15-Feb-2006

Close Date

21-Feb-2006

Listing Date

09-Mar-2006

Union Bank of India News

    The Shares of Union Bank of India have now been listed.

    Union Bank of India IPO Details

    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.

    Objective of issue

    Augment capital base to meet capital requirement.

    Union Bank of India Contact Details

    Union Bank of India, Sri Venkatesh Bhavan, Plot No 27, Rd No 11, M I D C, Andheri (E), Mumbai - 400093

    Phone - 91-22-28215235/28245988

    Fax - 91-22-28350456

    Email - investorservices@unionbankofindia.com

    Website - www.unionbankofindia.co.in