From July 15, 2023, Citizen Life Insurance Company Limited is offering 1,125,000 IPO shares to Nepalese citizens working abroad. The IPO share issue will end on August 14, 2023.
|IPO||Citizen Life Insurance|
|Who can Apply?||Nepalese Working Abroad|
|Total Shares||11,25,000 Unit|
|Issue Price||Rs 244|
|Premium Price||Rs 144|
|Issue Manager||NIMB Ace Capital|
Citizen Life Insurance Company has allocated 11,25,000 unit shares for Nepalese citizens working abroad. This means citizens who are applying from abroad have a lot of chances to get this IPO.
Around 112500 citizens who work in foreign can get at least 10 units of share.
Visit https://cdsc.com.np/ipolist and check how many people have applied for this IPO and how many units have been applied. You can apply for IPO based on that for maximum allocation.
11,25,000 unit shares / 10 (Minimum IPO)
Total People who will get: 1,12,500 (One Lakh Twelve Thousand and Five Hundred) people will get at least 10 units of shares.
The insurance company plans to issue 1,12,50,000 unit shares to the public including locals and Nepalese working abroad.
The general public in Nepal can 90,00,000 units will be issued later to the general public.
5% i.e. 562,500 units have been set aside for the employees of the company and 5% of the total offered shares i.e. 562,500 units have been set aside for the mutual funds.