IPO Issue Date Fixed: Union Life Insurance Company Limited

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 Union Life Insurance Company Limited (ULICL) IPO Issue and IPO Result (Allotment)




Total IPO Issue (Unit):64,50,000
Total IPO Worth (Rs)64,50,00,000
IPO Issuance Manager:Prabhu Capital Limited
IPO Result / IPO Allotment ResultStatus: Application Receiving
IPO Face ValueRs. 100
Date of Approval From SEBON2078-2-30
IPO Issued Date2078-03-24 to 2078-03-28 5:00PM
Share for Mutual Investment Fund  5% (Unit)3,22,500 Units
Share for Company Employees 5% (Unit)3,22,500 Units
Share for Individual Investor (General Public)58,05,000 Units
ICRA Nepal Credit Rating (ICRA)[ICRANP-IR] BBB (assigned)
* Note: Issuers with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations.

Union Life Insurance IPO RESULT | UPDATE


About Company summary: 


Union Life Insurance Company Limited has been established with the intention of contributing to the economic development of the country and strengthening the economic living standard of all Nepalis by collecting the financial resources and means scattered across the country through life insurance business. As per the permission given by the Insurance Committee to conduct business in life insurance on 2074/03/20, the company has got the approval to conduct business on 2074/06/04 and has been conducting regular business since then. The company has investments from eminent industrialists, businessmen, social workers and eminent persons of the society including Jagdamba Group, Golchha Group, Gadiya Group, Neupane Group, Rajesh Hardware and Tiwdewal Group. 

How to Apply IPO Issue?

IPO issue of Union Life Insurance Company has been opened from today. You can apply IPO issue through online and C-ASBA application submit in bank. 

Apply from MeroShare Application

Step 1: Login MeroShare ( https://meroshare.cdsc.com.np/) 
Step 2: Go to My ASBA Menu 
Step 3: Click on Apply Current Issue Tab
Step 4: Click APPLY 
Step 5: Now you should have input
            1- Select Bank Account
            2- Input number of share units (Kitta) * your applied kitta shares should be divisible by 10.
            3- Fill CRN Number and Submit
            4- After submit you will be noticed by verification PIN ( 4 Digit PIN)

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