IPO allotment of Prabhu Life Insurance | Merolagani IPO Result

Prabhu Life Insurance’s (PLIL) IPO is going to be distributed today, Friday. The IPO allotment will be held on Friday at 11 a.m. at the office of Siddhartha Capital, the company’s share issue and sale manager. Out of 1,082,000 applications for the company’s IPO, 29.3 million shares worth Rs 2.93 billion have been applied for. This is 5.42 times more than the 5.4 million shares issued by the company to the public. The company had issued 6 million IPOs worth Rs 600 million from December 13 to December 15. Of…

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