Searching for the Citizen Life Insurance IPO Result Date and the final announcement date? As the IPO process is nearing its end, the company has set a date for the IPO result announcement.
Citizen Life Insurance is an Insurance company in Nepal. Its headquarters is located in Thapathali, Kathmandu, Nepal. The company has been approved by SEBON and will be listed on the Nepal Stock Exchange (NEPSE) soon.
The initial public offering (IPO) was approved on 2080-03-19. The IPO was opened on 2023-09-01 at 10:00 AM and will close on 2023-09-05 at 5:00 PM.
Citizen Life Insurance IPO Result Date
The IPO result Date of Citizen Life Insurance will be announced probably within the 2nd or 3rd week of September, i.e. after the end of the issue closed date i.e. after 2023-09-05 at 5:00 PM. The company has issued 9000000 units of shares for the general public.
The minimum share that the general public can fill up was a minimum of 10 units and the maximum was 5000. The rate of one share is 244.
The allotment of shares will be done via a lottery system/lucky draw. The shares will be allotted to the applicants who have applied for the IPO within the 2023-09-01 at 10:00 AM – 2023-09-05 at 5:00 PM. period.
| Name of Company | Citizen Life Insurance |
| Sector | Insurance |
| Available | For General Public |
| From | 1 |
| To | 37,500,000 |
| No. of Share Registered | 37,500,000 |
| Rate | 244 |
| Amount of Shares Registered | 3,750,000,000 |
| Public Issue Size | 11,250,000 |
| Public Issue Amount | 2,664,000,000 |
| % of Issued Capital | 30.00% |
| Promoter Share Registered Amount | 2,625,000,000 |
| % of Issued Capital | 70.00% |
| Issue Manager | NIBL Ace Capital |
| Date of Approval | 2080-03-19 |
| Issue Open Date | 2023-09-01 at 10:00 AM |
| Issue Close Date | 2023-09-05 at 5:00 PM |
| No. Of Share Issued | 9000000 |
| Established | 2017 A.D. |
| Headquarters | Thapathali, Kathmandu |
| Minimum Quantity | 10 |
| Maximum Quantity | 1500000 |
How to Check the Result of Citizen Life Insurance?
The Citizen Life Insurance result can be checked online on the CDS and Clearing Limited website or NIBL Ace Capital. The applicants can also check the result by logging into Mero Share.
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Conclusion
The Citizen Life Insurance IPO Result will be announced within the 2nd or 3rd week of September 2023, i.e. after the closing date. The allotment of shares will be done eventually and the banks will make the refund if it is not allotted.
Rate 100 rs. Haina hae… 244 ho !!!