UNION BANK OF COLOMBO PLC (UBC.N0000)

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

@tkc wrote:oversubscribed!! You have still a chance till 4.30p.m.

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...

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.

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.

Bro!!!! You miss the bus

You can still apply my friend!! Don't be late....Go to a branch of NDB bank......

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).

http://www.cse.lk/cmt/upload_cse_announcements/2891298520497_.pdf

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

Union Bank look like a very popular IPO

any guess about the no of times it going to oversubscribe?

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.

so it may oversubscribe by more than 400 to 500 times

Yes 1100 is a good choice than 1000!!

@Blaster wrote:

@tkc wrote:oversubscribed!! You have still a chance till 4.30p.m.

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..................

@dinusl wrote:

@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.

Only 45 Min Remaining..............

@mark wrote:

@Blaster wrote:

@tkc wrote:oversubscribed!! You have still a chance till 4.30p.m.

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..................

hmmm

I went to NDB maharagama branch to get a draft,i asked them that how many people came with bank guarantees..they told almost 5..and also many retail applications..
i believe UB ipo may oversubscribed more than SFIN...........i may be wrong........

Corporate sri Lankas new found way of rasing money easilly.....HVA only 200 shares were given to retailers. But yeah once it comes to the secondary market the shares sky rocket.

UB the same only hand full of shares will be given some times I wonder if it's worth the time and money ...blocking your cash for a short period only to get a fraction of what u have asked for might as well play the market amd earn a quick buck

@swan03 wrote:Guys, Cant I buy Union Bank IPO through online?

AFAIK, IPO's can't be bought online, since there are some documentation is to be done. U got to fill the application, have a cheque/bank draft to pay for what u are applying. Also the closing data is today.

By the way, according to gov. bombast (but for sure it will) there will be many IPOs coming this year. Keep in touch u can get in to another boat.

Anyway, it's interesting to know that still now u one can apply for that. Also the big demand, that will make us profits, but can anyone can suggest how much of our request for number of shares, would be filled in this rate.

Rgts!

Thanks for your valuable ideas guys. I did that. Thanks a lot again!!!

need expert comments,

if oversubcribed by alot 1 person will get only few, so stuck too much money, am i wrong?

the too much bank guarantees will bring price down after IPO?

Union bank worthy at 40?

please need some help,

Now waiting for the official announcement........

another time bomb is waiting ......
get ready

All posts relating to Union Bank IPO merged, for the convenience of the readers

Im pretty much sure that, we'll get odd this time
I only applied for 100 shares

@mark wrote:

@Gaja wrote:http://vanguard1.vanguardlk.com/mmg/lbr_video.php?vt=LBR&vid=1540

i think we can expect at least share to be rise to 35-40 levels,if not i wont sell......i'm not expecting a scenario such as happened to LGL,it almost came below the issue price and shoot thereafter........i may be wrong.....

Private placements made at much higher levels make this a special IPO. That was the reason for such an overwhelming interest. This might start with a relatively high level.

I believe u'd atleast get 500.. if this doesn't over subscribe by 200 times ;-)

@smallville wrote:I believe u'd atleast get 500.. if this doesn't over subscribe by 200 times ;-)

Oversusbcribed by 225 times
http://www.cse.lk/cmt/upload_cse_announcements/3421298624428_.pdf

@slstock wrote:

@smallville wrote:I believe u'd atleast get 500.. if this doesn't over subscribe by 200 times ;-)

Oversusbcribed by 225 times
http://www.cse.lk/cmt/upload_cse_announcements/3421298624428_.pdf