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United Bank of India closes with 4% premium
A share of United Bank of India, a public sector undertaking bank, closed the first session at Rs 68.75, a premium of 4.17% over its issue price of Rs 66 per share on the NSE. It has touched an intraday high of Rs 77 and low of Rs 74.90, after opening at Rs 74.90.
A share of United Bank of India , a public sector undertaking bank, closed the first session at Rs 68.75, a premium of 4.17% over its issue price of Rs 66 per share on the NSE. It has touched an intraday high of Rs 77 and low of Rs 74.90, after opening at Rs 74.90.
It has witnessed volume of over 5.5 crore equity shares and has seen a turnover of Rs 393 crore.
On the BSE, the share ended at Rs 68.80, after seeing day's high of Rs 77 and low of Rs 68.10. The volume was over 2.8 crore shares and the market cap was at Rs 2,177 crore.
The bank had entered capital market with a public issue of 5 crore shares during February 23-25, 2010 and the price band was at Rs 60-66 per share. The issue was subscribed 33.38 times.
A discount of Rs 3 was offered to retail shareholders and eligible employees.
