Pre requisites-->you need to have the lamp server running on your ubuntu.
Downloading pakages
sudo sh -c "echo 'deb http://download.opensuse.org/repositories/isv:/ownCloud:/community/xUbuntu_12.04/ /' >> /etc/apt/sources.list.d/owncloud.list"
sudo apt-get update
sudo apt-get install owncloud
MySQL Configuration
sudo mysql_install_db
sudo mysql_secure_installation
Creating Database
mysql -u root -p
CREATE DATABASE owncloud;
GRANT ALL ON owncloud.* to 'owncloud'@'localhost' IDENTIFIED BY 'select_database_password';
Exit MySQL
exit
Finalizing and Creating Admin account
Now go to your IP address followed by /owncloud
now create Admin account by linking to the localhost
you can create user accounts by the interface (clicking on X)
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