There is good news for Share enthusiasts. Union Life Insurance Company is going to issue IPO to the public from Ashad 24, 2078. The company is going to issue 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. Last date to fill the IPO is 28th Ashad banking hours. However if it is not full subscribed till 28th Ashad then the applying date will be extended till 07th Shrawan 2078. One can apply minimum 10 shares to maximum 32,250 units.share.
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.
ICRA Nepal has assigned the issuer rating of [ICRANP-IR] BBB to Union Life Insurance Company Limited (ULICL).[ICRANP-IR] BBB indicate moderate degree of safety regarding timely servicing of financial obligations.
Applicants who has Meroshare application can apply through Meroshare or it can be applied through the ASBA member's bank and financial institutions.
IPO Open Date: 2078-03-24
IPO Close Date (Early): 2078-03-28 (Banking Hours)
IPO Close Date (Lately): 2078-04-07 (Banking Hours)
Recommended quantity to apply: Since DMAT account holders are increasing day by day we recommend to apply not more than 10 share as the distribution will be done by lottery system.
0 Comments