Since today, Union Life Insurance Company has been issuing public first public offerings (IPOs).
According to the corporation, 6,450,000 units of primary shares were issued at a price of Rs 100 each.
After assigning shares to the company’s collective investment fund and employees, 5,805,000 IPO units were issued.
The IPO will be open for subscription until July 12th.
The issue manager is Prabhu Capital. ICRA Nepal has given it a ‘Triple B’ rating.