United Bank of India IPO to open for subscription on February 23, 2010

United Bank of India IPO to open for subscription on February 23, 2010

The Initial Public Offering (IPO) of United Bank of India will hit markets on February 23, 2010.

The company is coming out with IPO of 500,00,000 Equity Shares of Rs.10/- each for cash at a Price Band of Rs.60/- to Rs.66/- through 100% book building process. The Bank is also offering a discount of 5% for retail investors.