IPO of Union Life Insurance is coming

KATHMANDU: JUNE 30 – Union Life Insurance is going to issue IPO to the public from July 8.

The insurance company is going to issue 6.45 million shares worth Rs 645 million through IPO.

Out of the total 6.4 million shares to be issued by the insurance company, 5 percent or 322,500 shares have been reserved for the employees and 5 percent or 322,500 shares have been set aside for the collective investment fund and the remaining 5.8 million shares, the general public will be able to apply.

Applications for the IPO can be submitted as soon as possible from July 12 to July 22. The public will be able to apply for the purchase from a minimum of 10 lots to a maximum of 32,250 lots.

Prabhu Capital Limited is the IPO issuer and sales manager of the company.