Kathmandu. Reliance Life Insurance Company's IPO is coming.

The company will now issue 6.3 million IPOs. The sales manager is Sanima Capital Limited. ICRA Nepal has given a grade 4 rating to the IPO to be issued by the company. The Grade 4 rating shows that the fundamentals of the company are below average.

The company had a net profit of Rs. It has earned a profit of Rs 61.8 million. This profit has increased by 128 percent compared to the third quarter of the previous year.

During the period, the company earned Rs. It had earned a profit of Rs 27 million. The paid-up capital is Rs. 1.47 billion. The company has contributed Rs. 149.6 million has been accumulated.

In the third quarter of last year, the company earned Rs. 82.23 million in premiums. During the same period, the company paid Rs. 16.7 million has been paid and Rs. One million claims are yet to be paid.

In the third quarter of last year, the company's life insurance fund was Rs. 869.8 million has been deposited. During the same period, the company pledged Rs. 97.1 million loan has been disbursed.