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Open
15 Feb 2006
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Close
21 Feb 2006
3
Allotment
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Listing
Thu, Mar 9, 2006
Price Band
₹100 to ₹110
Issue Size
4,50,00,000 shares (agg. up to ₹495 Cr)
Listing Date
Thu, Mar 9, 2006
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 29.59x |
Restated Financials (₹ Cr.)
| 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 |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Andhra Bank | Mainboard | ₹765.00 Cr | ₹90 | null | ₹90.35 | +0.39% | (+0.00%) |
| Bank of Baroda | Mainboard | ₹1,633.00 Cr | ₹230 | null | ₹233.70 | +1.61% | ₹248.30 (-0.02%) |
| Syndicate Bank | Mainboard | ₹250.00 Cr | ₹50 | null | ₹71.25 | +42.50% | (+0.00%) |
| Oriental Bank of Commerce | Mainboard | ₹1,450.00 Cr | ₹250 | 7.02 | ₹257.40 | +2.96% | (+0.00%) |
| Allahabad Bank | Mainboard | ₹820.00 Cr | ₹82 | 6.14 | ₹76.20 | -7.07% | (+0.00%) |
| Punjab National Bank | Mainboard | ₹3,120.00 Cr | ₹390 | 9.33 | ₹387.90 | -0.54% | ₹105.22 (-0.47%) |
Objects of the Issue
| # | 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 |
About Union Bank of India FPO
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,
Contact Details
Union Bank of India Address239, Vidhan Bhavan MargNariman PointMumbai, Maharashtra, 40002191 22 2289 2000rbmenon@unionbankofindia.comVisit Website