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IPO Result of Prime Life Insurance Check Online or Download

Published by Octron on May 2, 2010

Prime Life Insurance Company has allotted its ordinary share to public today (30 April 2010). The life insurer has issued 10,80,000 units of share from 9th March to 12th, 2010 at face value of Rs. 100 per share appointing NIDC Capital Markets as the issue and sales manager.

The company which brings into its advertisement with a slogan “Zero or Three, what is going to be?” has attracted many viewers and gives the positive impression of the company as well, hence was also able to collect 127,232 applicants for the public issue.

Check The Result

Check Online IPO Result (Courtesy: NIDC Capital)
Download IPO Result (PDF) – (Courtesy: Jamb )

As the number of applicants applied for the total units of share was between 1-2 Lakhs, the company was liable to allot its share within 50 days of closing issue as per the SEBON provision. There were total of 127232 applicants including 106 staffs and 214 invalid applicants. There were 1,09,86,644 units demand for the 10,80,000 offer units. However, at the end, only 33313 applicants were entitled the shareholder of the company including staffs with 42,200 units of share.

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