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UCO Bank lists at 45% premium to IPO price
Mumbai, Oct 09: Shares in the state-run UCO Bank listed at Rs 17.40 on their trading debut on Thursday at the Bombay Stock Exchange (BSE), representing a premium of 45 per cent over their offer price.
Mumbai, Oct 09: Shares in the state-run UCO Bank listed at Rs 17.40 on their trading debut on Thursday at the Bombay Stock Exchange (BSE), representing a premium of 45 per cent over their offer price.
It was the most active stock on the Bombay exchange in a volume of 1.4 million shares. It later traded as high as Rs 20.10.
Last month, the Calcutta-headquartered bank offered 200 million shares at Rs 12 each through an initial public offering.
The government's stake in the bank fell to 75 per cent after the issue from 100 per cent.
Bureau Report