IPO Shares of Prabhu Life Insurance Listed and Tradable from Sunday; What's the Opening Price Range?

The shares of Prabhu Life Insurance Limited are listed in NEPSE. 

A total of 2 crore unit shares are listed by NEPSE's decision on Poush 16. Prabhu Life Insurance Limited had issued 60,00,000 units worth Rs 60 crore as Initial Public Offering to the general public from Mangsir 29. Out of the offered 60,00,000 units, 5% was set aside for the employees of the company and another 5% for mutual funds. The remaining 54,00,000 units were for the general public.

The same IPO shares and the promote shares of the company are now listed in NEPSE. The shares are tradable from Sunday. The opening range is Rs.109.56 to Rs. 328.68 for the first transaction.