United Bank of India IPO, which closed for subscription today, i.e. on Thursday, February 25, 2010, has concluded with a passionate response from Investors. The IPO has been oversubscribed by an impressive 33.38 times on an overall basis with a strong response from QIB and HNI Categories, which are oversubscribed 47.08 times and 39.15 times respectively. Retail Investors have also joined in on the last day of the IPO, with a zealous response with the category finally getting oversubscribed 9.80 times
It deserves mention that the IPO was subscribed only 2.65 times till yesterday, i.e. till second day of its opening with the Retail Category getting subscribed only 70.01% till Day 2
United Bank of India IPO Subscription Status (Final) as on Thursday, February 25, 2010 1900 hrs IST:
QIB: 47.08 times
Non-Institutional Investors: 39.15 times
Retail: 9.80 times
Employees: 0.53 times
Overall: 33.38 times
Click here to view United Bank of India IPO - Subscription Statistics
