Applied for an IPO of Union Life Insurance Company? If yes then, you must be waiting for the IPO result of Union Life Insurance. The good news for investors, the allotment has been completed. You can check the result now.
The company’s IPO has set a new record. About 21.5 lakh investors have applied for the IPO. According to Prabhu Capital, more than 2.5 million applicants have applied for IPO. This is the highest number of applications in IPO. IPO was opened from Asadh 24 (असार २४).
The IPO allotment of Union Life Insurance has concluded on Asadh 31, Thursday. After the pre-allotment, the IPO allotment has been completed in Prabhu capital office on Thursday at 5 PM. The result has published after an hour of allotment.
IPO allotted to 5,80,500 investors
Only 5,80,500 lucky investors got an IPO of this company. The lucky draw concluded in this IPO due to more applications. As per SEBON rule, IPO is allotted at the rate of 10 kitta. In this IPO, around 15 Lakh applicants will be empty-handed.
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How to check the result?
Results can be checked online through the CDSC website, Mero Share and Prabhu capital website. After IPO allotment, the result publishes on these websites. Click the result page below and Follow the instructions.
Step 1: Go to enter these websites
Step 2: Select the company for the result
Step 3: Enter the Demat number
Step 4: Submit and check the result
In the fiscal year 2076-77, the company’s net worth per share was Rs 148, and earnings per share eps was Rs 33. ICRA Nepal has given ICRA NP Issuer Triple B rating to the insurance company. This indicates an average risk in the company’s ability to bear financial obligations.
The company had opened 64,50,000 IPOs for sale, of which 5% were reserved for employees and 5% for collective investment funds. The remaining 58,05,000 kitta IPO shares were sold to the general public.
At present, the company’s paid-up capital is Rs 1.5 billion. After the IPO issuance and distribution, the company’s paid-up capital will reach Rs 2.15 billion.