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.

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.