Union Life Insurance is set to issue 64 Crore 50 Lakh primary shares (IPOs) worth 64 Lakh 50 Thousand from Thursday.
The company is going to make public a total of 64 Lakh 50 Thousand IPOs at the rate of Rs 100 per unit for institutional employees, collective investment funds and the general public.
Out of the total 64 Lakh 50 Thousand shares, the same 322,500
shares have been allotted to the institutional employees and the collective
investment fund and the remaining 58 Lakh 5 Thousand shares are to be issued to the
public, the company said.
General investors will be able to apply for a minimum of 10
lots and a maximum of 32,250 lots to buy shares of the company. The application
has to be submitted by July 12 (2078-3-28) as soon as possible.