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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » UNION BANK OF COLOMBO PLC (UBC.N0000)

UNION BANK OF COLOMBO PLC (UBC.N0000)

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41UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Wed Feb 23, 2011 3:37 pm

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
Hang on a second; has it been oversubscribed. With SFIN there was an announcement early in the day that the issue was oversubscribed. I haven't seen any such announcement at the time of writing (3:30 pm)

42UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty UNION BANK IPO Wed Feb 23, 2011 3:45 pm

DeAmO


Stock Analytic
Stock Analytic
@ tubal: Issue opens tomorrow, 24th Feb.

43UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Wed Feb 23, 2011 4:07 pm

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
@DeAmO wrote:@ tubal: Issue opens tomorrow, 24th Feb.

Laughing shucks i thought it was today!!

44UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Union bank IPO Wed Feb 23, 2011 4:24 pm

Blaster


Stock Trader
Only 1 day More.......

45UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Wed Feb 23, 2011 4:26 pm

Blaster


Stock Trader
@damee wrote:Can anybody guess what would be the min. price for UB??would it more than Rs.35/share??
Expecting 35+.. Pray for God....

46UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Wed Feb 23, 2011 4:37 pm

dinusl

dinusl
Co-Admin
@Blaster wrote:Only 1 day More.......

I went 2 banks today @ nawam mawatha, there are many requesting bank drafts to apply for union bank IPO.

47UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Overwhelming response for Union Bank IPO Thu Feb 24, 2011 9:16 am

mark

mark
Expert
Expert
Union Bank's Initial Public Offering (IPO) will be opened for subscription officially from today. Daily Mirror Business learnt the issue is well accepted, as the Registrars to the offer have already received a large number of bank guarantees.

Sources revealed that the issue received bank guarantees worth 300 times the size of the issue, and about 100 bank guarantees have been received to fully subscribe it.

Union Bank in its Rs.375 million IPO, offers 15 million shares to the public. Out of the 15 million, 1.5 million will be offered to employees, while another 2.25 million will be to bank's customers who have been maintaining accounts with the bank for a minimum of six months as at January 31, 2011. Thus, only 11.25 million will be offered to the public.

The issue is scheduled to close on March 16 or the day on which the issue is oversubscribed.

According to an analyst, it is hard to guess the number of times the issue will be oversubscribed, with such large bank guarantees.

A recent research report published by Asha Phillip Securities Ltd states that Union Bank's upcoming IPO is a good buy for prospective investors.

The research report states the bank possesses a strong balance sheet amounting to Rs. 18.6 billion and a capital adequacy ratio of 28.97%, despite a credit growth of 27% in 2010.
Surprised Surprised Surprised Surprised Surprised

48UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Thu Feb 24, 2011 9:22 am

econ

econ
Global Moderator
this is what happens too few shares issues in IPO.
they have total 350 million shares but only 15 million listed as IPO.
so for big players this is nothing . take bank guarantees for whole subscription.
regulators should take measures to increase the percentage of share issue in IPO.
I think need 25% shares should be issued for large company like Union bank.


49UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Thu Feb 24, 2011 9:29 am

mark

mark
Expert
Expert
@econ wrote:this is what happens too few shares issues in IPO.
they have total 350 million shares but only 15 million listed as IPO.
so for big players this is nothing . take bank guarantees for whole subscription.
regulators should take measures to increase the percentage of share issue in IPO.
I think need 25% shares should be issued for large company like Union bank.



agree with you......but thanks to big players share price rise and small investors can get a good return,if directors concerned more about and allocate a good amount of shares to small investors.....like in SFIN IPO........

50UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Thu Feb 24, 2011 9:48 am

tkc

tkc
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
oversubscribed!! You have still a chance till 4.30p.m. Smile

51UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Thu Feb 24, 2011 9:51 am

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
i am thing about the profit going to come for the banks which provide BG, because to apply for whole issue you need only 11.5 Million. Is a small amount for the major investors

52UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Thu Feb 24, 2011 10:09 am

Blaster


Stock Trader
@tkc wrote:oversubscribed!! You have still a chance till 4.30p.m. Smile
If somebody is submiting application on today for small qty, try to follow this.

1) If you are willing to request only 1000 No's of shares, then try to request 1100 No's of shares other than to 1000. Coz, if you request 1000 No's, on the allocation you might caught to 0-1000 range. But if you request 1100 No's you will get more shares (Coz you will be in more than 1000 range)

I may be wrong.. but i feel this is a good practice...

53UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Thu Feb 24, 2011 10:14 am

wis


Manager - Equity Analytics
Manager - Equity Analytics
SEC people should do something about this bank guarantee fraud. This is robbing the law abiding citizens who pay by cash through drafts and checks. Otherwise SEC people are like the ones tied to SECuwa. They always are.

54UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Union Bank IPO Thu Feb 24, 2011 10:54 am

swan03


Vice President - Equity Analytics
Vice President - Equity Analytics
Guys, Cant I buy Union Bank IPO through online? Or do i have to go to the stock broker or to the Union Bank? Please enlighten me.

55UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Bro!!!! You miss the bus Thu Feb 24, 2011 11:01 am

equity+


Stock Trader
Bro!!!! You miss the bus

56UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Thu Feb 24, 2011 11:10 am

tkc

tkc
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
You can still apply my friend!! Don't be late....Go to a branch of NDB bank...... Smile

57UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Thu Feb 24, 2011 12:50 pm

stoka


Senior Equity Analytic
Senior Equity Analytic
You can get the application from the web, fill and hand over to broker/Manger of the issue before 4:30 today (with the cheque, of course).

58UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: Union Bank IPO Thu Feb 24, 2011 1:07 pm

kiri

kiri
Manager - Equity Analytics
Manager - Equity Analytics
http://www.cse.lk/cmt/upload_cse_announcements/2891298520497_.pdf

59UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Thu Feb 24, 2011 1:25 pm

rahula


Equity Analytic
Equity Analytic
i ALSO APPLY JUST NOW. you go to NDB and fill that simple application form. Go with a cheque. If you dont have a cheque request a bank draqft from NDB. if u failed call me now. i ll help u. 0714473233

60UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Thu Feb 24, 2011 1:31 pm

Aamiable


Vice President - Equity Analytics
Vice President - Equity Analytics
Union Bank look like a very popular IPO

61UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Thu Feb 24, 2011 1:34 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
any guess about the no of times it going to oversubscribe?

62UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Thu Feb 24, 2011 1:41 pm

laxman917576


Senior Equity Analytic
Senior Equity Analytic
Sources revealed that the issue received bank guarantees worth 300 times the size of the issue, and about 100 bank guarantees have been received to fully subscribe it.

63UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Thu Feb 24, 2011 1:46 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
so it may oversubscribe by more than 400 to 500 times

64UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Thu Feb 24, 2011 2:05 pm

tkc

tkc
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Yes 1100 is a good choice than 1000!! Smile

65UNION BANK OF COLOMBO PLC (UBC.N0000) - Page 3 Empty Re: UNION BANK OF COLOMBO PLC (UBC.N0000) Thu Feb 24, 2011 3:41 pm

mark

mark
Expert
Expert
@Blaster wrote:
@tkc wrote:oversubscribed!! You have still a chance till 4.30p.m. Smile
If somebody is submiting application on today for small qty, try to follow this.

1) If you are willing to request only 1000 No's of shares, then try to request 1100 No's of shares other than to 1000. Coz, if you request 1000 No's, on the allocation you might caught to 0-1000 range. But if you request 1100 No's you will get more shares (Coz you will be in more than 1000 range)

I may be wrong.. but i feel this is a good practice...

this IPO won't be like ODEL....
100-1000share applied-only got 100 shares
1100-2000applied-200 shares only.........ETC
i expect this thing not to happened on UB.................. Sad

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