IPO value of Citizens Life Insurance, Sun Nepal Insurance and Reliable Nepal Life Insurance Company

Jul Mon 2023 02:08:43

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IPO value of Citizens Life Insurance, Sun Nepal Insurance and Reliable Nepal Life Insurance Company

Kathmandu. Currently, three insurance companies have issued IPOs at premium prices. Citizens Life Insurance, Sun Nepal Life Insurance  and Reliable Nepal Life Insurance company have issued IPOs for Nepali workers who have gone to foreign employment.

Citizens Life InsuranceIn the IPO issued by the company at a premium price, 326 million 69 thousand 400 rupees have been collected. According to CDS and Clearing Limited, 19 thousand 21 people have applied for 13 lakh 36 thousand 350 shares.

In the first phase, the company has opened the IPO sale to Nepalis who are employed abroad. The company got permission to issue IPO to the general public for 30 percent of the issued capital of 3.75 billion rupees, i.e. 1.125 billion rupees. In which 10 percent i.e. 11 lakh 25 thousand shares are going to be issued to Nepalis who are employed abroad in the first phase. The company has 100 face value of Rs. 144 per share IPO was issued at the rate of Rs. 244 after adding the premium.

Sun Nepal Life Insurance : In the IPO issued by the company at a premium price, 266 million 76 thousand 310 rupees have been collected. According to CDS and Clearing, 17 thousand 382 people have applied for 11 lakh 13 thousand 290 shares.

In the first phase, the company is going to issue an IPO at a premium price for Nepalese workers who have gone abroad for employment. The company has received permission to issue 30 percent of the issued capital of 3 billion 20 million rupees, i.e. 96 million rupees, to the general public. 960,000 shares are to be issued to Nepalis who are employed abroad in the first phase. In the IPO, the face value is Rs 100 at Rs 139 IPO is going to be issued at a total rate of 239 rupees after adding the premium.

Reliable Nepal Life Insurance: In the IPO issued by the company at a premium price, 425 million 77 thousand 930 rupees have been collected. According to CDS and Clearing Limited, 22 thousand 653 people have applied for 16 lakh 36 thousand 490 shares.

In the first phase, the company has opened the IPO sale to Nepalis who are employed abroad from June 27. The company has issued 10 percent of the 12 million shares to be issued to the general public i.e. 1.2 million shares to Nepalis who are employed abroad. The IPO is going to be issued at the rate of Rs. 257 after adding a premium of Rs. 157 per share.