General Insurance IPO Result Date
2077/06/20 Tuesday 10:30 AM
There are different sites by which you can find the IPO result of the general Insurance Company Nepal Limited. The details of website for the IPO result are as follows.
The pre-allotment of the IPO was done on sunday. The total number of IPO share issued for the general public is 2730000. The 273000 applicant will get 10 units shares and the rest of others will return with the empty hand.
The Issue manager of the IPO of General Insurance Company Nepal limited hasn't declared the IPO allocation date. The general Insurance company had open the application from ashoj 11 to ashadh 14th. The company has open thirty lakh units shares.
More than 800,000 people have applied for the IPO. As many as 816,036 applicants have applied for the company's IPO till the last day today. This is 8.28 times more than the demand.
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The company has issued 3 million ordinary shares at the face value of Rs 100 per share. Out of which, 120,000 shares have been allocated for employees and 150,000 shares for collective investment funds. The general public has applied for the remaining 2.73 million shares. Only 273,000 people will get shares of the company through round robin. In this regard, more than 500,000 applicants will be left empty handed. However, as the verification process continues and banks can update the system data till midnight today, there may be some ups and downs.
This is the first time that more than 800,000 people have applied for any IPO.
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