Union Bank of India - IPO

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