Union Life Insurance company has issued IPO to the general public. The company has opened the 64,50,000 kitta IPO from Asadh 24 (असार २४) to Asadh 28. Surely, you also have applied for the IPO of Union Life Insurance and waiting for the allotment. Here you will know about the IPO allotment of Union Life.
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According to the Sebon rules, Only 5,80,500 investors will get IPO shares after lucky draw. More than 15 Lakh investors will not get the IPO. The IPO applicant’s numbers were a record high of more than 21.5 lakh. The company had issued 64,50,000 kitta in total and the general public was able to apply for only 58,05,000 kitta IPO only.
IPO Allotment Date – Result Check
If you are waiting for the IPO Allotment of Union Life Insurance, good news for you. IPO allotment has been completed on Asadh 31, Thursday 5 PM. IPO allotment has concluded after completion of Pre-allotment. Allotment program held in the Prabhu Capital office. Now investors can check the result of IPO.
How to check IPO Allotment – Result
Checking IPO results is very simple. Simply go to these sites or click the link – CDSC result site, Prabhu Capital and Mero Share. Enter Demat number, select the company and submit, Now you will get the result.
Check results in CDSC Site & Prabhu Capital
Step 2: Select the company and enter the demat number
Step 3: Submit and check the IPO allotment result.
IPO allotment check- Mero Share
Step 1: First go to meroshare.cdsc.com.np
Step 2: select DP id and enter user name (demat) and Password
Step 3: Submit & log in to the dashboard
Step 4: Go to My Asba Menu
Step 4: Click the application report
Step 5: Select the company and click the report button
Step 6: Then check the Status allotted or not.
IPO of Union Life Insurance
Investors can apply for IPO from Asadh 24 (असार २४). IPO closes on 28 Asadh. Investors will be able to apply for a minimum of 10 units and a maximum of 32,250 shares. The IPO shares sold for Rs. 100 per kitta.
How to Apply
The general public can apply for the company’s IPO through the Mero Share app. Mero share app is available in android mobiles and with computer browsers. Investors can apply online by Logging in to meroshare.cdsc.com.np app or click here.
Similarly, those who do not have Mero share can also apply through Casba verified banks, financial institutions and broker firms. Applicants can apply for a minimum of 10 units to maximum of 32,250 units.
How Much to Apply
It is advisable to apply for only 10 units in this IPO. More than 2 million applicants had applied for the recent IPO (Jiban Bikas Laghubitta). According to Sebon, if IPO is oversubscribed, a lucky draw has to be held. This IPO is already oversubscribed, so it is going to allot through a lucky draw.
To get 10 kitta IPO, investors should depend on luck. That’s why it is best to apply only 10 kitta.
Company EPS & Net worth
As per the unrevised details in the Fiscal Year 2076/77, the earnings per share of the insurance company was Rs. 33.33. The company has a net worth of Rs 148.46 per share. The company is projected eps is Rs 4.17 per share and Networth is Rs 137 in the current fiscal year 2077/78.
Prabhu Capital is the IPO issuer and sales manager of Union Life Insurance. The company’s shares have been given an ICRA NP Issuer Triple B rating by ICRA Nepal, indicating an average risk in the company’s ability to bear financial obligations.
The company’s paid-up capital is Rs 1.5 billion, it will exceed Rs 2.15 billion after the IPO distribution.