QIBs portion of United Bank of India IPO subscribed 47.0824 times

The Qualified Institutional Buyers (QIBs) have given a big thumbs up for the Initial Public Offering (IPO) of United Bank of India. The Qualified Institutional Buyers (QIBs) portion has received subscription of 47.0824 times.

The Qualified Institutional Buyers (QIBs) portion has received bids for 1341847100 equity shares against the offer of 28500000 equity shares.

Foreign Institutional Investors (FIIs) have submitted bids for 701370100 equity shares under QIB portion, followed by Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) who have submitted bids for 478519100 equity shares.

Mutual Funds have bid for 161957900 equity shares under the QIB portion.

Source : Equity Bulls

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