Union Insurance subscription to open on 15 Dec
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Monday
January 30, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
MONDAY, JANUARY 30, 2023
Union Insurance subscription to open on 15 Dec

Stocks

TBS Report
17 November, 2021, 09:50 pm
Last modified: 18 November, 2021, 10:24 am

Related News

  • Why BSEC held up subscription of Asiatic Laboratories IPO
  • BSEC makes way for Partex Cables to apply for IPO
  • Bank IPOs performed worst, insurance best in 2022
  • Sonali Investment gets back IPO quota facility
  • Asiatic Lab's IPO at record 60% discount for general investors

Union Insurance subscription to open on 15 Dec

The insurer will offer shares to the public at a face value of Tk10 each

TBS Report
17 November, 2021, 09:50 pm
Last modified: 18 November, 2021, 10:24 am
Union Insurance subscription to open on 15 Dec

The subscription of the initial public offering (IPO) of Union Insurance will be opened on 15 December and continue until 22 December 2021.

Earlier, the Bangladesh Securities and Exchange Commission (BSEC) allowed the company to raise Tk19.36 crore IPO by issuing 1.93 crore ordinary shares.

The insurer will offer the shares to the public at a face value of Tk10 each, and invest the fund in fixed deposit receipts (FDR) and the capital market. It will use a part of the fund to purchase a floor space.

Union Insurance provides insurance coverage in areas of property damage by fire incidents, marine cargos, motors, liabilities, and engineering projects.

The insurer had earlier applied to the commission but failed to comply with the securities rules.

Later that year, BSEC exempted insurance companies from the securities rule to enable them to get listed on the stock market under the fixed price method.

Presently, the insurance company's paid-up capital is Tk29.04 crore. 

According to reports of the January-September period of 2020, the net profit of the company was Tk2.70 crore and its earnings per share stood at Tk0.93.

During this period, its net premium stood at Tk43.11 crore and its net claim at Tk8.68 crore.

At the same time, the net asset value per share was Tk16.02.

Union Insurance Company Ltd started its journey in Bangladesh as a public limited company in August 2000.

There are 78 companies – 32 life insurance and 46 non-life insurance – in the insurance sector of Bangladesh.

Top News

Union Insurance Company Ltd / IPO / IPO subscription

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Photo: Collected
    Economic slump drags down growth in VAT collection from big cos
  • It's corruption that bites business harder: CPD
    It's corruption that bites business harder: CPD
  • Import slowdown to affect economic growth: ADB country head
    Import slowdown to affect economic growth: ADB country head

MOST VIEWED

  • Costly raw materials slash two Beximco firms’ profits
    Costly raw materials slash two Beximco firms’ profits
  • Savar Refractories directors seek 58% discount on public shares in market exit bid
    Savar Refractories directors seek 58% discount on public shares in market exit bid
  • Alif Industries now allowed to issue new shares to help C&A Textiles
    Alif Industries now allowed to issue new shares to help C&A Textiles
  • Taka devaluation erodes National Polymer profit by 94%
    Taka devaluation erodes National Polymer profit by 94%
  • Higher costs, strong dollar slash BBS Cables profit by 92%
    Higher costs, strong dollar slash BBS Cables profit by 92%
  • BBS Cables' Q2 profit plunges as order drops amid high production costs
    BBS Cables' Q2 profit plunges as order drops amid high production costs

Related News

  • Why BSEC held up subscription of Asiatic Laboratories IPO
  • BSEC makes way for Partex Cables to apply for IPO
  • Bank IPOs performed worst, insurance best in 2022
  • Sonali Investment gets back IPO quota facility
  • Asiatic Lab's IPO at record 60% discount for general investors

Features

Nandita Sharmin's journey to give organic skincare a new identity

Nandita Sharmin's journey to give organic skincare a new identity

12h | Mode
Illustration: TBS

'The silver lining is that the worst is sort of behind us': Hamid Rashid, UN economist

16h | Panorama
Photo: Bloomberg

BuzzFeed and AI are a match made in fad city

15h | Panorama
Snipe in flight. Photo: Enam Ul Haque

Baikka Beel: 'A world where snipe work late'

1d | Panorama

More Videos from TBS

Sarika Sabrin is waiting for a good film

Sarika Sabrin is waiting for a good film

6h | TBS Entertainment
Take your football game to the next level at Next Level academy

Take your football game to the next level at Next Level academy

7h | TBS SPORTS
“Investments risky without consistent policy, reliable data”- SK Bashir Uddin

“Investments risky without consistent policy, reliable data”- SK Bashir Uddin

9h | TBS Round Table
What does Shahrukh has in his 770 million dollar property?

What does Shahrukh has in his 770 million dollar property?

1d | TBS Entertainment

Most Read

1
Picture: Collected
Bangladesh

US Embassy condemns recent incidents of visa fraud

2
Illustration: TBS
Banking

16 banks at risk of capital shortfall if top 3 borrowers default

3
Photo: Collected
Splash

Hansal Mehta responds as Twitter user calls him 'shameless' for making Faraaz

4
A frozen Beyond Burger plant-based patty. Photographer: AKIRA for Bloomberg Businessweek
Bloomberg Special

Fake meat was supposed to save the world. It became just another fad

5
Bapex calls candidates for job test 9 years after advert!
Bangladesh

Bapex calls candidates for job test 9 years after advert!

6
Representational Image
Banking

Cash-strapped Islami, Al-Arafah and National turn to Sonali Bank for costly fund

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]