We have information of Opening Range of Citizen Life Insurance Company ltd.
Opening Range of Citizen Life Insurance
Following are the detail information of opening range.
About Company:
Citizen Life Insurance Company Ltd is a leading life insurance company which started its operation from October 19, 2017 (Kartik 02, 2074). Head office of the company is located at Teku, Kathmandu, Nepal.
The company is promoted by Kantipur Media Group, Shikhar Insurance, reputed Aviation industries, successful bankers, manufacturing industrialists, CEOs from different Insurance Companies, pharmaceutical companies, finance and investment firms, etc.
The Share holding ratio of Promoter Shareholding to Public Holding Share will be 70:30.
For More Information: CLICK HERE
Opening Range
The opening range of the company depends upon the audited book Value of the company. So, the audited book Value is Rs. 172.43 as per the FY 2078/79. Hence, the opening range of the company will be Rs. 172.43 to Rs. 517.29.
NIMB ACE Capital Ltd is the issue manager for issuing IPO to the general public. Similarly, the company has got BBB- rating for issuing IPO for investor from ICRA Nepal.
The company is issuing the share for Rs. 244 per share (Rs 100 face value + Rs 144 premium price) to the general public and at Rs. 100 for its employees.
More Information About IPO
Following is the brief information about IPO.
| Particulars | Information |
|---|---|
| Name | Citizen Life Insurance Company Ltd |
| Sector | Life Insurance Company |
| IPO issuing Units | 1,12,50,000 unit shares |
| Nepalese citizens working abroad | 11,25,000 unit shares |
| Employes of the Company | 562,500 units Shares |
| Mutal Funds | 562,500 units Share |
| For General Public | 90,00,000 units Share |
| Issue Manager | NIMB Ace Capital Ltd |
| ICRA Nepal Rating | BBB- |
Hence, these are the information of IPO and Opening Range.
Other Important Links:
a. EPS of Life Insurance Company: CLICK HERE
b. EPS of Commercial Bank: CLICK HERE
c. EPS of Microfinance Company: CLICK HERE
d. Top 10 Commercial Bank: CLICK HERE
Frequently Asked Questions
a. Issue Manager of IPO of Citizen Life Insurance?
= NIMB Ace Capital Ltd is the issue manager of IPO of Citizen Life Insurance.
b. Allotment date and IPO result Date of Citizen Life Insurance?
= Issue Manager will determine the date of allotment date of IPO.
c. Citizen Life Insurnace IPO information.
