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Union life insurance will issue ipo to the general public from ashadh 24 2078

Union Life Insurance IPO Issue Date

Union Life Insurance Limited is going to issue (initial public offering) IPO from July 08, 2021 ( Ashadh 24, 2078). The company will issue 64 lakh, 50 thousand to the general public. Out of total issued shares, the three lakh twenty-two thousand and five hundred (322500) units shares are allocated to the employees of the company and another same units share is allocated to the mutual fund.



IPO application Limit

Applications for the IPO can be submitted as early as July 12 and as late as July 20. Investors will be able to apply for a minimum of 10 lots and 32,250 units. Nowadays the demat holders are growing day by day. As we know the attraction on the insurance companies IPO is very high to the investors. Application for 10 units is good because as we all know that only the lucky applicants will get 10 units shares each at the time of allotment.


Issue Manager

The IPO issuance and sales manager is Prabhu Capital Limited. 

How to Apply

Interested applicants can apply through C-ASBA member banks and financial institutions and Mero share. If you  owned Demat account and bank account then you can give application through bank. If you are the subscriber of Mero share account then you can easily apply IPO online (from desktop and laptop )

Credit Rating of ULICL

ICRA Nepal has given ICRA NP Issuer a Triple B rating to the insurance company. This indicates an average risk in the company's ability to bear financial obligations.

Paid Capital of ULICL

Nowadays the company has paid-up capital is Rs 1.5 billion. After the IPO issuance and distribution, the company's paid-up capital will reach Rs 2.15 billion.

About ULICL 

This life insurance company was established on 22nd May 2017 under the company act and insurance act. This company is owned by the renowned business house such as Jagadambaa Group, Golchaa Group, Gadiya Group, Newpane Group, Rajesh Hardware and Tibrewala Group. Sulav Agrawal is the Chair Person of ULICL.




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