Co-Operative Insurance IPO oversubscribed on the opening day

The Initial Public Offering (IPO) of Co-Operative Insurance Company Limited, through an Offer for Subscription of 166,750,000 Ordinary voting sharesat a price of Rs. 3.60 per Share, which opened yesterday (20thDecember 2021) was oversubscribed on the initial day itself.

The IPO by Co-Operative Insurance Company Limitedreceived applications for over the IPO value of Rs. 600.3 Mn and, as such, the issue was closed at 4.30 PM yesterday (20thDecember 2021).

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