United Insurance allots the auctioned shares; Unalloted applicants to be refunded from Poush 17

United Insurance Company (UIC) had auctioned 1,57,649 units promoter share in an auction to the general public.

NMB Capital Limited is the issue manager for the issue.

The cutoff of the suction stood at Rs 111.11. The company has allotted the shares to applicants and the unallotted applicants will receive their money from Poush 17, 2076.

The company had issued 240% (1:2.4) right shares for its shareholders from Bhadra 03, 2076 to Ashoj 23, 2076.

The existing paid-up capital of the company is Rs 30.24 crore and after the 240% right shares issue and auction, the paid-up capital will rises to Rs 102.81 crore.

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