IPO results of Union Life Insurance

IPO of Union Life Insurance has been alloted today at Indreni Foodland, Baneshwor. Prabhu Capital Limited is the issue manager for the IPO issuance.
As per the allotment module, a total of 5,80,500 applicants were allotted 10 units each via lottery; and the remaining 15,32,299 applicants were returned empty hands. A total of 3,22,500 units were allotted to the staff of the company and 3,22,500 units were allotted to mutual funds. In total 4,801 applicants who applied for 64,750 units were disqualified.

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As per Prabhu Capital, a total of 2,182,775 applicants have applied for the IPO. Out of which 69, 976 applications have been canceled due to error.Based on this, 580,500 applicants will receive 10 units of shares through lottery.The remaining 1,532,299 applicants will be left empty-handed. It is 73 percent of the total applicants.

The company issued 30 percent shares of its issue capital i.e. 6,450,000 units of primary shares worth Rs 645 million from July 8-12. Out of the total offered units, the company secured 5 percent i.e. 322,500 units to employees and another 5 percent for mutual funds. The general public was issued the remaining 5,805,000 units of shares.

HOW TO CHECK IPO RESULT ?
Investors can view the result of  Union Life Insurance  IPO through various  mediums. These are:

1. CDS and Clearing Limited (CDSCL) IPO website  [ LINK HERE ]

2. Issue manager Company website : Prabhu Capital [ LINK HERE ]

3. IPO Issuing Company website: Union Life Insurance  [ LINK HERE ]

4. Mero Share Application Report [ LINK HERE ]



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