UNION BANK OF INDIA-IPO

Issue Opens: 15 February, 2006
Issue Closes: 21 February, 2006
Issue Size : 45,000,000 (No. of Shares)

Lower Price Band : Rs.115
Upper Price Band : Rs.125

Information URL : http://www.unionbankofindia.com
Prospectus URL : http://www.sebi.gov.in/dp/ubidraft.pdf

About the Company:
Union Bank of India was inaugurated by Mahatma Gandhi eight decades ago. Union Bank of India is having more than 600 branches and extension counters all over the country. Nearly 351 ATMs are installed. Online Tele banking facility is availble for its customers.

Today there are more than 26,000 employees in Union Bank of India.

In addition to regular banking facilities of Union Bank of India, today customer can also avail variety of other services like cash management service, insurance, mutual funds, Demat from the Bank.

Union Bank of India is a Public Sector Unit with 60.85% Share Capital held by the Government of India.

The Sensex Journey From 1000 to 10000!

The 1000-mark: On July 25 1990, the Sensex touched the magical four-digit figure for the first time and closed at 1,001.

The 2000-mark: On January 15, 1992, the Sensex crossed the 2,000-mark and closed at 2,020 followed by the liberal economic policy initiatives undertaken by the finance minister.

The 3000-mark: On February 29, 1992, the Sensex surged past the 3000 mark in the wake of the market-friendly Budget.

The 4000-mark: On March 30, 1992, the Sensex crossed the 4,000-mark and closed at 4,091 on the expectations of a liberal export-import policy.

The 5000-mark: On October 8, 1999, the Sensex crossed the 5,000-mark as the BJP-led coalition won the majority in the 13th Lok Sabha election.

The 6000-mark: On February 11, 2000, the infotech boom helped the Sensex to cross the 6,000-mark and hit and all time high of 6,006.

The 7000-mark: On June 20, 2005, the news of the settlement between the Ambani brothers boosted investor sentiments and the scrips of RIL, Reliance Energy, Reliance Capital and IPCL made huge gains. This helped the Sensex crossed 7,000 points for the first time.

The 8000-mark: On 8th September 2005, the Bombay Stock Exchange's benchmark 30-share index the Sensex crossed the 8000 level following brisk buying by foreign and domestic funds in early trading.

The 9000-mark: The Sensex on November 28, 2005 crossed the magical figure of 9000 to touch 9000.32 points.

The 10,000-mark: The Sensex on Monday crossed the magical figure of 10,000 and touched a life-time peak of 10,003 points during mid-session at the Bombay Stock Exchange on the back of frantic buying spree by foreign institutional investors and well supported by local operators as well as retail investors.

BSE SENSEX Hits 10,000!!

Today the BSE SENSEX crossed the magical and historical figure of 10,000. The markets bounced back on short covering and fund based buying in frontline and heavyweight stocks.

The BSE Sensex comprises these 30 stocks: ACC, Bajaj Auto, Bharti Tele, BHEL, Cipla, Dr Reddy's, Gujarat Ambuja, Grasim, HDFC, HDFC Bank, Hero Honda, Hindalco, HLL, ICICI Bank, Infosys, ITC, L&T, Maruti, NTPC, ONGC, Ranbaxy, Reliance, Reliance Energy, Satyam, SBI, Tata Motors, Tata Power, TCS, Tata Motors and Wipro.

The rally in index heavyweights like Reliance Industries, ICICI Bank, ITC, and Infosys triggered the Sensex's sharp rise today.

Although local investors have been worried about the record-high levels barrring a few of them, overseas investors have been pumping in money into the Indian Markets, driving the indices to new highs regularly. The net FII inflow in January 2006 aggregated to over Rs.3,000 Crore. A recent pick-up in foreign investment has booted the market. In two trading sessions, on 1 February and 2 February 2006, FIIs pumped in more than Rs.500crore. FIIs pumped had in a little over $ 10 billion in Indian stock markets in the year 2005.