Reliable Nepal Life Insurance IPO published to the general public today. Reliable Nepal Life Insurance Limited has issued 96,00,000 unit shares to the general public from Shrawan 23, 2080. The IPO’s early closing date is on Shrawan 26 and if the issue is not fully subscribed, the IPO will be extended up to Bhadra 5, 2080.
The issued capital of the 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, whereas 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 have been issued to the general public today.
Reliable Nepal Life Insurance IPO
The Reliable Nepal Life Insurance IPO is issued at a premium price of Rs. 257 to the general public. But the employees of the company can buy it at a par value of Rs. 100.
Civil Capital Market is the issue manager for this IPO. After this IPO issued, the promotor and general public share ratio will be 70%:30%.
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.
>>> IPO Result – Nepali Mero Share
>>> How to Apply IPO from Mero Share
How to apply IPO in Mero Share ?
Are you looking for how to apply ipo in mero share ? If yes, please follow the instructions;
- Go to official website https://meroshare.cdsc.com.np/
- Select Your DP (Bank or Capital where you open your mero share and CRN account)
- Enter the user name and password,
- Click on login bottom
- Go to my ASBA
- Click on my ASBA
- See the Apply on issue
- Click on the Apply bottom
- Fill in the required information (Select bank account, number of applied shares)
- Enter the CRN number on the same page and click on all information in the current option,
- Then click on apply
- Then write the four-digit security code
- Then submit
- Application was completed; you will see that successfully applied with green color.
