Bookbuilding FPO | ₹495 Cr | Listed at BSE, NSE | Wed, Feb 15, 2006 - Tue, Feb 21, 2006
Union Bank of India FPO is a book build issue of ₹495.00 crores. The issue is entirely a fresh issue of 4.50 crore shares of ₹495.00 crore.
Union Bank of India FPO bidding started from Feb 15, 2006 and ended on Feb 21, 2006. The shares got listed on NSE and BSE on Mar 9, 2006.
Union Bank of India FPO is set final issue price at ₹110 per share.
SBI Capital Markets Ltd. is the book running lead manager and MCS Share Transfer Agent Ltd. is the registrar of the issue.
Refer to Union Bank of India FPO RHP for detailed Information.
FPO Open
Wed, Feb 15, 2006
FPO Close
Tue, Feb 21, 2006
Issue Price
₹110 per share
Market Cap (Pre-IPO)
₹5,556.30 Cr
| IPO Date | 15 to 21 Feb, 2006 |
| Listed on | Thu, Mar 9, 2006 |
| Face Value | ₹10 per share |
| Price Band | ₹100 to ₹110 |
| Issue Price | ₹110 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE, NSE |
| Total Issue Size | 4,50,00,000 shares (agg. up to ₹495 Cr) |
| Fresh Issue | 4,50,00,000 shares (agg. up to ₹495 Cr) |
| Share Holding Pre Issue | 46,01,17,900 shares |
| Share Holding Post Issue | 50,51,17,900 shares |
| BSE Script Code / NSE Symbol | 532477 / UNIONBANK |
| ISIN | INE692A01016 |
Union Bank of India FPO comprises a total issue size of 4,50,00,000 shares. The net offer to the public is 4,05,00,000 shares, after excluding 45,00,000 shares under a preferential allotment. Of the Net offer 2,02,50,000 (50.00%) are allocated to QIB, 60,75,000 (15.00%) allocated to NII 1,41,75,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 2,02,50,000 | 50.00% | 45.00% |
| NII (HNI) Shares Offered | 60,75,000 | 15.00% | 13.50% |
| Retail Shares Offered | 1,41,75,000 | 35.00% | 31.50% |
| Preferential Reservations | |||
| Employee Shares Offered | 45,00,000 | 10.00% | |
| Total Shares Offered | 4,50,00,000 | 100.00% | 100.00% |
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹2 Lakhs | Yes |
| Employee + RII/NII | Up to ₹2Lakhs (EMP) + RII 'OR' NII limits | Yes (EMP/RII) |
Union Bank of India is a public sector banking institution in India with a strong nationwide presence. As of December 31, 2005, it operates 2,064 branches and 146 extension counters across 25 states and three union territories, serving over 15 million customers.
Its business is organized into three core segments: corporate, retail, and agricultural financial services, supported by allied and fee-based offerings, including third-party product distribution.
The company provides a wide range of banking solutions to corporate and commercial clients, including term loans, working capital finance, export credit, and non-fund-based services such as letters of credit and guarantees, along with cash management services. It also support SMEs and SSIs with tailored financing solutions and flexible security requirements.
Its retail banking services include loans for housing, automobiles, education, and personal needs, as well as deposit products and payment solutions. Further, it offers debit and credit cards, bill payment services, and distribute mutual funds and insurance products.
As of December 31, 2005, its branch network in India consisted of 795 rural branches, 472 semi-urban branches, 446 urban branches, and 351 metropolitan branches.
| Period Ended | 30 Sep 2005 | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|---|
| Assets | 79,077.50 | 71,938.25 | 57,832.00 | 50,565.74 |
| Total Income | 3,051.90 | 5,735.89 | 5,347.77 | 5,130.74 |
| Profit After Tax | 301.49 | 719.06 | 712.05 | 552.69 |
| Reserves and Surplus | 2,980.81 | 2,679.32 | 2,142.34 | 1,611.96 |
| Total Borrowing | 1,755.21 | 2,020.96 | 934.24 | 442.07 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To augment capital base to meet the future capital requirements arising out of the implementation of the Basel II standards | |
| Total | 0.00 |
| KPI | Sep 30, 2005 | Mar 31, 2005 |
|---|---|---|
| RoNW | 17.69% | 23.26% |
| Price to Book Value | 1.48 | 1.64 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 15.63 | 11.94 |
| P/E (x) | 7.04 | 9.21 |
| Promoter Holding | 60.85% | 55.43% |
| Market Cap | ₹5,556.30 Cr. |
The Union Bank of India FPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 29.59 | 4,50,00,000 | 1,33,15,41,300 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management, underwriting commission | 3.75 |
| 2 | Advertising and Marketing expenses | 4.72 |
| 3 | Printing and stationery | 4.50 |
| 4 | Registrars fee, legal fee, etc. | 3.88 |
| 5 | Others | 0.55 |
| Total | 17.40 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹110.00 | ₹110.00 |
| Open | ₹122.00 | ₹122.10 |
| Low | ₹120.00 | ₹120.00 |
| High | ₹123.30 | ₹123.40 |
| Last Trade | ₹122.05 | ₹121.55 |
Union Bank of India FPO is a main-board FPO of 4,50,00,000 equity shares of the face value of ₹10 aggregating up to ₹495 Crores. The issue is priced at ₹110 per share. The minimum order quantity is .
The FPO opens on Wed, Feb 15, 2006, and closes on Tue, Feb 21, 2006.
MCS Share Transfer Agent Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Union Bank of India FPO using UPI as a payment gateway. Zerodha customers can apply in Union Bank of India FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Union Bank of India FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Union Bank of India FPO opens on Wed, Feb 15, 2006 and closes on Tue, Feb 21, 2006.
Union Bank of India FPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Union Bank of India FPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Union Bank of India FPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Union Bank of India FPO allotment status.
The Union Bank of India FPO listing date is on Thu, Mar 9, 2006.
