Bear has strong regime in the sole
secondary market where investors are wary of losing amounts day by day. Hence,
people preferred the risk free and lucrative investment opportunities and
primary market stands in front choice.
Amid inflation in the nation,
dreary investment opportunities in capital market and profitable but highly
risky commodities market, flow of money in the IPOs has transport with great
enthusiasm. Investor's willingness to allot shares in their favor and
expectation of high return from safe and lower investment has triggered their
wealth towards IPO investment despite the feeble situation in the political and
economical milieu of the nation.
From today, Asian Life Insurance
Company Ltd. has issued 1080000 units of shares (including 43200 units for its
employees) to the general public at face value of Rs. 100. The Insurance Company
which has its registered address at Birgunj-7 of Parsa district will close its
IPO on 30 October 2009 (sooner) or latter date of 10 November 2009. It has posted
Rs. 3.325 million net profit for fiscal year 2064/65 and Rs. 8.438 million
(un-audited) for the fiscal year 2065/66.
Forty two years old Bijay Kumar
Sarawagi is the Chairman of the Company who was former Chairman of Birgunj
Chamber of Commerce and Industry and Chairman of Birgunj Finance. NIDC Capital
Markets Ltd. has been appointed at the issue and sales manager of Asian Life
Insurance. (For Company's prospectus visit event calendar at