Reliance Life Insurance Co. Ltd. IPO

reliance life insurance ipo

Reliance Life Insurance Company Limited is issuing 63,00,000 units of shars as the IPO from 4th Bhadra 2077 BS.

Reliance Life Insurance has began it’s service from Mangshir 2074 BS. The company is offering risk coverage and financial stability to policy holders in Nepal.

The applications will be closed on 8th Bhadra 2077 BS. Applicants can apply for a minimum of 10 units of share up to 63,000 units using their DMAT account via bank or meroshare portal.

Sanima Capital Limited is the IPO Issuance manager for this IPO.

CARE Ratings Nepal Limited (CRNL) has assigned ICRANP IPO Grade 4 rating to Jyoti Life Insurance Company. This is considered below average fundamentals to proposed issue.

The company is issuing 30% of it’s total share to public. The company capital after this issue is projected to be NRs 2.10 Arab.

Reliance Life Insurance Co. Ltd. IPO Details

Issuing Company Reliance Life Insurance Co. Ltd.
Issue Manager Sanima Capital Ltd.
Sector Insurance
SEBON Approval Date 16th Shrawan 2077 BS.
IPO Open Date 4th Bhadra 2077 BS.
IPO Close Date (Early) 8th Bhadra 2077 BS.
IPO Close Date (Lately) 22nd Bhadra 2077 BS.
Per Unit Share Price NRs 100
Total IPO Share 63,00,000
Total Share Registered 21,000,000
Total Capital from IPO NRs 630,000,000
% of Issued Capital 30%

Author: ds471707

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