United Bank of India to list on March 18
Government owned United Bank of India has fixed Thursday, March 18, 2010 as the listing day for its equity shares, which issued recently via public issue of 5 crore shares.
The bank has fixed the issue price at Rs 66, at higher end of price band of Rs 60-66 per share.
The issue, which opened during February 23-25, had received overwhelming response from all kinds of investors. It was subscribed 33.38 times.
A discount of Rs 3 was offered to retail shareholders and eligible employees.
The issue was constituted 15.80% of the post issue paid-up capital.
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