Stock market

New Initial Public Offering (IPO) Announcement

Upcoming IPO in Nepal

We are here for the announcement of a new Initial Public Offering (IPO)

An offer letter has been published by Union Life Insurance Company Limited, introducing the IPO of 64,50,000 units from 24th to 28th Ashad, 2078.

On 24th and 28th of Ashad, 2078, Union Life Insurance Company Limited plans to issue 64,50,000 units of IPO shares to the general public.

Union Life Insurance Company Limited  Starting from tomorrow.

S.N. Symbol Company Units Price Opening Date Closing Date Status View
1 ULICL Union Life Insurance Company Limited 6,450,000.00 100.00 2021-07-08 2021-07-12 Coming Tomorrow

Union Life Insurance Company’s Initial Public Offering opens today; Everything You Need to Know

Company Information:

Since July 2017, Union Life Insurance Company Limited (ULICL) has been a public limited life insurance company (LIC). The organization’s headquarters are located in New Baneswor, Kathmandu. A number of Nepalese corporations are shareholders of the company, including Jagadamba Group, Golchha Organization, Gadiya Group, Neupane Group, Rajesh Hardware Group, and Tibrewala Group.

About the Issue:

The Union Life Insurance Company Limited has issued 6,450,000 units of ordinary shares worth Rs. 64.5 crores to the public on Ashad-24, 2078. A portion of this IPO issue is expected to close on Ashad-28, 2077, and if the issue does not receive a subscriber by Ashad-28, it can extend until Shrawan-7, 2078.

The company has offered 6,450,000 units, of which 5%, i.e. 322,500 units, were allocated for its employees. The remaining 5% will be reserved for mutual funds. Five hundred and eighty-five thousand units are available to the general public.

Minimum and maximum applications are 10 units and 32,250 units, respectively.

The IPO has been managed by Prabhu Capital Limited.

The issuance of public shares will result in a paid-up capital of Rs. 2,15 Arba. Upon the IPO issue, public holdings will be 30% and promoters holdings will be 70%.

 

Investment/Existing Issues

S.N. Symbol Company Units Price Opening Date Closing Date Status View
1 ULICL Union Life Insurance Company Limited 6,450,000.00 100.00 2021-07-08 2021-07-12 Coming Soon
2 MSLBSL Manakamana Smart Laghubitta Bittiya Sanstha Limited 389,000.00 100.00 2021-07-01 2021-07-05 Closed
3 JBLBSL Jeevan Bikas Laghubitta Bittiya Sanstha Limited 1,977,300.00 100.00 2021-06-25 2021-06-29 Closed
4 TPCL Tehrathum Power Company Limited 1,200,000.00 100.00 Coming Soon Coming Soon Coming Soon
5 MBKHCL Madhya Bhotekoshi Jalavidyut Company Limited 9,000,000.00 100.00 Coming Soon Coming Soon Coming Soon

 

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