Union Life Insurance IPO Issue Date fixed

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 Union Life Insurance limited has been received permission to issue an IPO. The Securities Board of Nepal (SEBON) has been given permission to the company to issue IPO shares on July 27. The company is going to issue 64,50,000 units IPO shares to the general public from 24 Ashad 2078 i.e 08 July 2021.

GroupWise IPO Offered details:

For Company Employee (5%) : 3,22,500 Units

For Mutual Funds (5%): 3,22,500 Units

and remaining 58,05,000 Units

For the General Public.

Out of the offered 64,50,000 units; 5% of the total offered shares to the general public i.e. 3,22,500 units have been set aside for the employees of the company and 5% of the total offered shares to the general public i.e.3,22,500 units have been set aside for the mutual funds. The remaining 58,05,000 units are for the general public.



Prabhu Capital Limited has been appointed as the issue manager for the IPO issuance.

General Public Applications can be placed for a minimum of 10 units and a maximum of 32,250 units.

What is the date of IPO Issue Open and closed of Union Life Insurance?


IPO issue of Union Life insurance limited (ULIL) will open from 08 July, 2021 i.e. 2078 Ashad 24 and will remain open till 5 PM 12 July, 2021 i.e. 2078 Ashad 29.


How about ICRA Rating of Union Life Insurance ?


The rating agency ICRA Nepal has given 'ICRNP-IR Triple B' rating to the IPO that the company is about to issue. This indicates that the investment in the company's primary shares has a moderate level of security and is able to meet financial obligations on time.

IME Life Insurance IPO issue


Financial Status


With the permission of the board, the company will now issue 642 million shares equal to 642 million to the public. Currently, the company's issued capital is Rs 2.15 billion. The company's paid-up capital will reach Rs 2.15 billion after the IPO.


Who is IPO Issue Manager?


The company has selected Prabhu Capital as the disposal and sales manager.

Before you invest please kindly read offer letter of the company regarding IPO Issue.

Union Life Insurance Limited IPO Offering Letter (DOWNLOAD OFFER LETTER)

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