IPO KHABAR :: IPO Result | CDSC IPO Result Allotment and TMS Login

 Union Life Insurance Company Limited (ULICL) IPO issue 64,50,000 units to the general public has been closed Monday i.e. 2021, Jul 12. The issue has collected 21,50,478 application of 3,40,10,890 units. Since it was oversubscribed on the first day of issue now reached by 5.8 times in terms of the number of units. All applications through the online and c-asba application forms are completely centralised. The issue manager Prabhu Capital Limited has announced final eligible application report. We can assumptions that numbers of DEMAT account opening these days, probability to get 10 Units IPO Share for the applicant has been stepping down day by day. The IPO issue has received the highest number of applicants for a single IPO issue in Nepal's capital market history. IPO Share Allocation Details: Company Full Name: Union Life Insurance Company Limited (ULICL) Total IPO ISSUE : 64,50,000 Units Date of IPO ISSUE Open: 24 Ashadh 2078 Date of IPO ISSUE Close: 28 Ashadh 2078 IPO...

  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. Wha...

IPO ISSUE OF UNION LIFE INSURANCE COMPANY LIMITED Date: Jun 28, 2021 SEBON's permission to issue IPO to Union Life Insurance Limited Union Life Insurance limited has received permission to issue an IPO. The Securities Board of Nepal (SEBON) has given permission to the company to issue shares on July 27. The company will issue 64,50,000 units IPO shares to the general public soon.  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. ICRA Nepal has assigned “[ICRANP] IPO Grade 4+” indicating below average fundamentals to the proposed initial public offering (IPO) issue amounting to NPR 645 million of Union Life Insurance Company Limited (ULICL). ICRA Nepal assigns IPO1 grading on a scale of IPO Grade 1 to IPO Grade 5, with G...