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IPO allotment of Prabhu Life Insurance Company | Merolagani IPO Result

IPO allotment date of the Prabhu Life Insurance Limited (PLIL) Initial Public Offering (IPO).

IPO Allotment Date of Prabhu Life Insurance Limited
2077 Poush 10
Friday

11:00 AM

The Pre allotment was done at Poush 8 2077. There are different sitesby which you can view the allotment result.

Click Here for the result


Prabhu Life Insurance limited has published the notice to thanks all the applicants for the oversubscription which was more than 5 times. Likewise, this life insurance company welcome all the new shareholder to the family of Prabhu Life Insurance Company.

The official website of Prabhu Life Insurance Company is https://www.prabhulife.com/

The issue of the initial public offering IPO of Prabhu Life Insurance Limited is oversubscribed by the huge number of applicants. According to the issue manager, the IPO was oversubscribed by the 5.12 times. The issue manager has published the notice to thank all the stakeholders for the overwhelming response which they have shown to the initial public offering. Care Rating Nepal has given care NP BB+ rating plus to the for the IPO of Prabhu Life Insurance Company. Only 540000 applicant will get 10 units each after the allotment according to the Security Board of Nepal

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This company issued the 60 lakh unit shares. meanwhile, 5 lakh units shares were allocated to the employees of the Prabhu Life Insurance Company, and another 5 lakh units shares were allocated to the Mutual Funds. The general public was applying for the 54 lakh unit shares. The closing date of IPO was 17th December 2020

Prabhu Life Insurance Limited started its business on 14 December 2017. Prabhu Bank Limited and Shangrila Development Bank limited are the two main promoters of the bank. The main res-insurance of this insurance company is Hannover Re-insurance of Malasiya
Recently This Life Insurance Company has 1.40 Arba paid-up capital. The paid of capital will be 2 Arba after the allotment of the IPO

Products of Prabhu Life Insurance

Baibhav Jeevan Beema (Money Back Plan)
Shubha Griha Jeevan Beema (Money Back Plan)
Amulya Jeevan Beema (Endowment Cum Whole Life Plan)
Sambridhha Jeevan Beema (Endowment Plan-Regular)
Sambridhha Jeevan Beema (Endowment Plan-Single)
Shreee Briddhi (Endowment Plan)
Jeevan Kiran (Child Endowment Plan)
Jeevan Unatti (Child Money Back Plan)
Jeevan Sparsha (Term Plan)

The Board of Directors of Prabhu Life Insurance Limited are as follows
Aatma Ram Ghimire
Subash Amatya
Maniram Pokheral
Naresh Bahadur Malla
Rameshwor Sapkota
Apurba Prashad Joshi

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