Reliance Life Insurance issuing 63 lakh units IPO shares to general public from Bhadra 4 minimum 10 units for all applicants

Sanima Capital Limited has been appointed as the issue manager for the IPO issuance.

Applications can be placed for a minimum of 10 units and a maximum of 63,000 units. 

After the issuance of 63,00,000 units worth Rs 63 crore IPO shares the general public i.e 30% of total capital which will together raise its paid-up capital to Rs 2.10 arba and the promoter/public ratio will be 70:30. 

ICRA Nepal has assigned a grading of [ICRANP] IPO Grade 4, indicating below-average fundamentals, to the proposed initial public offering (IPO) of NPR 630 million of Reliance Life Insurance Limited (RLIL).