Upcoming IPO Approved Reliance Life Insurance IPO and Samaj Laghubitta IPO | IPO KHABAR
Reliance Life Insurance Nepal is going to issue 6.3 million ordinary shares equal to Rs 100 per share. Out of which equal 5-5 percent i.e. 315,000 lots have been allocated to collective investment funds and employees. And Similarly, Samaj Laghubitta Bittiya Sastha Limited is also going to issue IPO from September 19. The company is about to issue 86,000 shares worth Rs 8.6 million. For more details read all article below:
Reliance Life Insurance Nepal and SAMAJ LAGHUBITTA BITTIYA SANSTHA LIMITED are going to issue IPO from August 19 (Bhadra 4, 2077).
Reliance Life Insurance Nepal
Reliance Life Insurance Nepal is going to issue 6.3 million ordinary shares equal to Rs 100 per share. Out of which equal 5-5 percent i.e. 315,000 lots have been allocated to collective investment funds and employees. The general public will be able to apply for the remaining 5.67 million kittas.
Investors can apply for a minimum of 10 lots and a maximum of 63,000 lots. The deadline for applications is August 25. If there are not enough applications by that time, applications can be submitted till September 8. ICRA Nepal has given a grade 4 rating to the company's IPO. Grade 4 indicates that the condition of the company is weaker than average. The rating company offers grading grades 1 to 5. Grade 1 has the strongest basis while grade 5 has the weakest basis.
The company has appointed Sanima Capital as the sales manager to issue shares. The company currently has 113 founding investors. At present, the company's paid-up capital is Rs 1.47 billion. The company's capital will reach Rs 2.10 billion after issuing shares to the public. CLICK HERE FOR IPO Announcement Notice (आह्वान पत्र)
Samaj Laghubitta Bittiya Sastha Limited
Similarly, Samaj Laghubitta Bittiya Sastha Limited is also going to issue IPO from September 19. The company is about to issue 86,000 shares worth Rs 8.6 million. Out of which 0.5 percent or 1000 lots have been allocated for employees and 5 percent or 4300 lots have been allocated for collective investment funds. The general public will be able to apply for the remaining 80,700 lots.
When applying, you have to pay for a minimum of 10 lots and a maximum of 5,000 lots. The deadline for submitting the application is August 25. If there are not enough applications by that time, the application can be submitted till September 3. Siddhartha Capital is the sales manager for the share issue. The company has three districts and is located in Sarlahi.
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