Union Life Insurance IPO Result
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| IPO Result link: https://www.prabhucapital.com/share-allotment |
IPO result of union life insurance will publishing on upcoming week. There are more application demand the IPO but share unit is less So, some lucky investor only get alloted. The company has opened issue and sale of 645,000 ordinary shares (IPO) at a face value of Rs 100 per share from July 8. Out of which 5 percent or 322,500 shares have been secured for the employees of the company. The remaining 322,500 units will be allocated for the collective investment fund, which will be 5 percent, while the remaining 585,000 units have been allocated for the general public.
How to Check Union Life Insurance IPO Result
you have to follow given steps to check the ipo result of union life insurance.
Step 1: You can easily get the result of initial public offering (IPO) result of union life insurance in Mero Share Site or iporesult.cdsc.com.np after clicking on it now you to choose company, click on union life insurance company and enter your demat account aka BOID number.
Step 2: Union Life Insurance IPO result also available on issue manager site. https://www.prabhucapital.com/share-allotment
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| Check Union Life Insurance IPO from Prabhu Capital |
Investors have been flocking to Union Life Insurance Company Limited's ordinary shares (IPO) since day one. The company's IPO has received many applications demanded on the first day.
According to Prabhu Capital Limited, the disposal and sales manager, 82,47,880 applications have been received from 461,356 applicants till 5 pm on Thursday. The number of applications received for the general public is 1.42 times more than the demand.
Currently, 70 percent of the paid-up share capital of the company's founder is Rs. 1.5 billion. Life insurance companies have to maintain Rs. The IPO has been sold to maintain a paid-up capital of Rs 2 billion. After the IPO, the company's paid-up capital is Rs. 2.15 billion.
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Applications can be submitted for the IPO from the minimum of 10 lots to the maximum of 32,250 lots. Prabhu Capital Limited has acted as the issuer and sales manager of the company's ordinary shares. Investors can apply through the C-ASWA system from banks and financial institutions and their branch offices participating in the C-ASWA service and using CDSC's My Shares online after obtaining permission from the Nepal Securities Board.
The Rating agency of share market of Nepal ICRA Nepal has given ICRA IR triple B rating to the company's IPO. This rating indicates that the company's fundamentals are medium level.
union life insurance ipo result date
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union life insurance ipo result date |
IPO result of union life insurance company will publishing on july 18. IPO allotment date of union life insurance will allot from Sunday.
As it was the last day, the statistics may go up and down. Looking at the statistics so far, the lucky 5 lakh 80 thousand 500 applicants will get 10 lots of shares. The rest of the applicants will be left empty handed.
About 1.2 million applicants have applied for the IPO of Union Life Insurance. As per the information given by the sales manager Prabhu Capital, 1,170,912 applicants have applied for the purchase of 196,130 shares by 5 pm on Friday. The union life insurance company limited has issued six hundreds fourty five thousand shares equal to Rs 645 million, which is 30 percent of the total issued capital of Rs 2.15 billion. Out of that, five percent or 322,500 shares have been secured for the employees and another 5 percent for the collective investment funds and the remaining 5.8 million shares have been brought for sale to the public.
Applications for the company's IPO can be submitted as soon as possible by July 12 and if there are not enough applications in that period, it can be submitted till July 20. At the rate of Rs. 100 per share, applications can be made for a minimum of 10 lots and a maximum of 32,250 lots in multiples of 10 points.
C-ASBA member banks and financial institutions licensed by the Nepal Securities Board (NSB) will also be able to apply for IPO through MeroShare's web and app.
Also Read: Union Life Insurance Company issuing 5.8 million units of shares as IPO from Thursday
Union Life Insurance Company IPO Application Result
Union Life Insurance Company Limited has set a new record for IPO applications. The IPO has received the highest number of applications so far. Prabhu Capital Limited has stated in the Securities Sales Manager that 2,172,868 applications have been received till 5 pm on Monday, the last day to apply today. In this regard, the application for this IPO has broken the record of the previous application for life development microfinance. Earlier, the highest number of 2 million 87 thousand 317 applications was received for life development microfinance. According to Prabhu Capital, 34.361 million 820 lots have been demanded from 21.72 million 868 applicants in this IPO till 5 pm today. Which is 5.91 times more than the demand.
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