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The CSE website published an announcement of the Union Bank oversubscribed by the 225 times approximately.

The Union bank announced IPO and issued 15 Million Ordinary shares at the Price of Rs.25 each. As per 25^th February 2011, there is 30,100 Applications Applied 3.375 Billion shares [3,375,458,700].

The 30,100 applicants applied Rs.84.386 Billion on Union Bank IPO. It’s almost the 225 times of the initial Public offerings.

Source: http://www.cse.lk/cmt/upload_cse_announcements/3421298624428_.pdf

http://synergyy.com/2011/02/union-bank-of-colombo-limited-%e2%80%9cthe-company%e2%80%9d-offers-for-subscription-ipo/

http://synergyy.com/2011/02/union-bank-of-colombo-limited-ipo/

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