Prabhu Life Insurance closing IPO from today « Khabarhub
Friday, June 21st, 2024

Prabhu Life Insurance closing IPO from today


17 December 2020  

Time taken to read : 2 Minute


  • A
  • A
  • A

KATHMANDU: Today is the last day for applying for initial public offerings (IPO) of Prabhu Life Insurance. The application for IPO  will remain closed after the banking hour today.

The company is putting down the shutters on the applications for IPO earlier than the original deadline since it alreday received a large number of applications. As many as 873,000 applicants have applied for IPO until Wednesday.

The company has issued a total of six million units of shares worth Rs 600 million. Of them, 300,000 units of shares have been allocated for staffers of the company, 300,000 units of shares for the mutual fund and the remaining 5.4 million units of shares have been allotted for general public, according to a press note issued by the company.

Siddhartha Capital Limited has been appointed as the issue manager. An applicant can apply for 10 to 5,000 units of shares.

Prabhu Life Insurance had issued IPO) from on December 14.

Publish Date : 17 December 2020 10:07 AM

NC holding parliamentary party meeting today

KATHMANDU: The main opposition party Nepali Congress (NC) is holding

Today’s national news in a nutshell

Khabarhub brings you a glimpse of major developments of the

Excessive heat hits countries around the world

LONDON: Many parts of the world are currently experiencing above-average

Early warning information on disasters to be disseminated through media

KATHMANDU: Minister for Communications and Information Technology Rekha Sharma announced

Judges will be appointed on time, says Law Minister

KATHMANDU: Minister for Law, Justice, and Parliamentary Affairs Padam Giri