Reliable Life Insurance IPO Result Published today [5:00PM]. Reliable Nepal Life Insurance Limited has issued a total of 96,00,000-unit shares to the general public from Shrawan 23-26, 2080.
The IPO had issued for Rs. 257 per share (Rs 100 face value + Rs 157 premium price) to the general public and but the par value of Rs. 100 is for company employees.
The life insurance company is Rs. 4 Arba of which 30% or 1,20,00,000 unit shares are for the public. Out of this total issue, 10% or 12,00,000 unit shares were allocated for Nepalese citizens working abroad, 5% or 600,000 units have been reserved for the employees of the company and 5% or 600,000 units have been reserved for the mutual funds. The remaining 96,00,000 units had opened for the general public.
Reliable Life Insurance IPO Result
According to IPO Result CDSC, a total of 9,60,000 applicants received 10 units share each.
According to CDSC IPO Result, a total of 12,55,747 applicants have applied for a total of 1,50,35,740 units of shares worth Rs. 3.86 Arba. So, the IPO has already oversubscribed by 1.56 times.
Civil Capital Market Limited is the issue manager.
CARE Ratings Nepal Limited (CRNL) is the rating assigned to Reliable Nepal Life Insurance Limited to ‘CARE-NP BBB+ (Is)’ from ‘CARE-NP BBB (Is)’. This rating is considered to offer a moderate degree of safety regarding the timely servicing of financial obligations.
How to check Reliable Life Insurance IPO Result from Civil Capital Market Limited
We are share the way of IPO result check on Civil Capital. If you did not know how to get result of IPO on published day, it is the best solution for you. You can follow the some simple steps and then you will get the IPO allotment result in same days. Civil Capital is the share issue manager of many companies. So, when the Civil Capital is the issue manager of any IPO, then you can find the result of this company’s IPO here below;
Investor can easily check their IPO allotment status in Civil Capital website under the IPO Allotment from check list (https://www.civilcapitalmarket.com/ipo/) when the IPO result published. The mero share is not provided fast result of some cases due to server error or load, so it will be very helpful you to know the IPO result.
How to check Reliable Life Insurance IPO Result from ipo result cdsc
You need to follow the steps below to find your result now;
- Go to Mero Share CDSC login
- Select your Bank or Capital where you opened your DEMAT Account
- Provide your user’s name and password
- Go to the my details tab and click on it
- Then Copy the 16 digit BOID number
- Open the IPO Result CDSC page
- Select the IPO company name
- Than paste the 16 digit BOID number
- And Click on view result button
- Your result will appear there.
How can I check my IPO result in Mero share app?
Are you looking for how can I check my IPO result in Mero share app ? If yes, follow the simple steps;
- Open Meroshare portal, Click app.
- Go to IPO result check page.
- Select the Application Report tab.
- Click on the Report button at the right side of the IPO share name applied.
- Check the Status for IPO allotted or not.
Reliable Nepal Life Insurance Limited
Reliable Nepal Life Insurance Limited – a life insurance company is duly approved by the Insurance Board and Government of Nepal. The company is promoted by the eminent group of economists, industrialists, bankers and reputed professionals, and it is being led by team of experienced workforce. Its major stake holder includes Global IME Bank Limited and Century Commercial Bank Limited.
It is in market to serve the customer by offering unique products with leverage on cutting edge technology and being customer-oriented in the approach. Reliable Nepal Life Insurance Limited (RNLIL) has the core philosophy of customer centricity.
RNLIL aims to serve customers at their door steps with quality services and a hassle-free claim settlement. RNLIL offers various kind of policies for long-term savings and protection to meet different life stage requirements of its customers. Reliable Nepal Life Insurance Limited having Registration No: 1036-064/065, was incorporated under the Companies Act.