IPO Result Alert/ Result of IPO of Union Life Insurance Company Ltd / Ashad 31 IPO result

                        

   

The Allotment  of  Union Life Insurance Company  ipo concluded today 31st Ashad 2078( 15th July) at 5 pm.

 Union Life Insurance Company issued 64.50 lakh shares among which 5 % (3,22,500 unit shares) is separated for mutual fund whereas 5% (3,22,500 unit shares) is for the staffs of the company. Out of 21,50,478 applicants who applied for a total of 3,40,10,890 units of the share only lucky 580,500 person will get 10 unit of share each by lottery system. Prabhu Capital Limited is appointed as the issue manager for IPO.

Union Life Insurance Company Ltd. has been established in the year 2074 B.S as a Public Limited Company and got a license to operate Life Insurance Business on 2074/03/20(04/07/2017). Union Life Insurance Company has been established with sole Nepalese Capital. The Company comprises of renowned & big promoters; Jagadamba Group, Golchha Group, Gadiya Group, Naupane Group, Rajesh hardware & Tibrewala Group. The authorized capital of the Company is NRs. 215 crore. The promoters have contributed 70% of this, amounting to NRs. 150.50 Crore whereas the other Nepalese Citizens are to contribute remaining 30% of this capital amounting to NRs. 64.50 Crore.

How to check the Result Of Union Life Insurance Company IPO

The result of Union Life Insurance Company Ltd IPO can be checked by two methods:

1. Mero Share: CDSC has created separate portal of Mero Share to see the ipo results. You can go through this link once the allotment process is done: Check result of Union Life Insurance Company Ltd IPO 

2:Prabhu Capital Limited: You can also view the result by going through the website of issue manager Prabhu Capital Limited. Union Life Insurance Company Ltd IPO Result