Asian Life Insurance Company Limited which has its registered head office at Brigunj, Parsa allotted its primary issue today (18 December 2009). The company had issued 1080000 units of shares (including 43200 units for its employees) to the general public at face value of Rs. 100. The IPO was opened from 27 October 2009 and was closed at 30th October 2009.
Asian will be the 18th listed insurance company in Nepse as there are already 17 listed insurance companies under Nepse's insurance companies sub-group with a total of 20,703,504-unit shares at Rs 100 face value making a total paid up worth Rs 2,070,350,400. Total of 16306440 units have been applied for 1080000 units of shares from 117141applicants. However, only 29600 public shareholders were allotted.
Soruce:Jamb News Service
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