Are you searching for the Reliable Nepal 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.
Reliable Nepal Life Insurance is an Insurance company in Nepal. Its headquarter is located in Gyaneshwor, Kathmandu, Nepal. SEBON has approved the company and will be listed on Nepal Stock Exchange (NEPSE) soon.
The initial public offering (IPO) was approved on 2080-03-15. The IPO was opened on 2023-08-08 at 10:00 AM and will close on 2023-08-11 at 5:00 PM.
Reliable Nepal Life Insurance IPO Result Date
The IPO result Date of Reliable Nepal Life Insurance will probably be announced within the 3rd week of August, i.e. after the end of the issue closed date i.e. after 2023-08-11 at 5:00 PM. The company has issued 9600000 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 5400. The rate of one share is 100.
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 2023-08-08 at 10:00 AM – 2023-08-11 at 5:00 PM. period.
| Name of Company | Reliable Nepal Life Insurance |
| Sector | Insurance |
| Available | For General Public |
| From | 1 |
| To | 40,000,000 |
| No. of Share Registered | 40,000,000 |
| Rate | 100 |
| Amount of Shares Registered | 4,000,000,000 |
| Public Issue Size | 12,000,000 |
| Public Issue Amount | 2,989,800,000 |
| % of Issued Capital | 30.00% |
| Promoter Share Registered Amount | 2,800,000,000 |
| % of Issued Capital | 70% |
| Issue Manager | Civil Capital Market Ltd. |
| Date of Approval | 2080-03-15 |
| Issue Open Date | 2023-08-08 at 10:00 AM |
| Issue Close Date | 2023-08-11 at 5:00 PM |
| No. Of Share Issued | 9600000 |
| Established | 2017 A.D. |
| Headquarters | Gyaneshwor, Kathmandu |
| Minimum Quantity | 10 |
| Maximum Quantity | 5400 |
How to Check the Result of Reliable Nepal Life Insurance?
The Reliable Nepal Life Insurance result can be checked online on the CDS and Clearing Limited website or Civil Capital Market Ltd. The applicants can also check the result by logging into Mero Share.
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Conclusion
The Reliable Nepal Life Insurance IPO Result will be announced within the 3rd week of August 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.