Premier Insurance issued 659,565 units of FPO with a price tag of Rs 799 including face value of Rs 100 and premium of Rs 699 on last December. The company raised its paid-up capital to Rs 584 million from Rs 448.5 million through the FPO.
As per the IB directive, the company requires to meet the minimum paid-up capital of Rs 1 billion by the end of the current FY.
In the review period, the company has insurance fund of Rs 413 million and disaster fund of Rs 37.3 million.
During the period, the company earned a net profit of Rs 192.2 million which was Rs 181.5 million in the previous FY. The company has EPS of Rs 32.91, net worth per share of Rs 290.60 and P/E ratio of 32.36 times.
In the review period, the company recorded net premium earning of Rs 818.2 million while paid Rs 420.1 million in claims.
