IPO Shares of Union Life Insurance (ULI) Listed in NEPSE; What is the Opening Range?

2,15,00,000 shares of Union Life Insurance Company Limited (ULI) are now listed in NEPSE.

Union Life Insurance Company Limited had issued 64,50,000 units worth Rs 64.50 crore as Initial Public Offering to the general public from Ashad 24 to Ashad 28, 2078. The issue was oversubscribed more than 5.51 times.

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 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.

The paid-up capital of the company has now scaled to Rs 2.15 Arba and the promoter/ public ratio is 70:30. The open range is set as Rs. 115.13 to Rs. 345.39 for the first transaction.