An IPO worth Rs 1.27 billion is coming up
Now, one after another, the primary shares (IPOs) of various companies are coming. This is a good opportunity for investors. Meanwhile, Reliable Life Insurance Limited has started the process for IPO issue. Reliable Life Insurance has started the process of issuing IPO worth Rs 1.27 billion.
The company has submitted an application to the Nepal Securities Board on July 27. Securities Sales Manager is Civil Capital Market Limited. Similarly, Reliable Nepal Insurance Limited has made public the financial details of the last fiscal year. Compared to the previous financial year,
Reliable last fiscal year 5. According to the unaudited financial statements released by Reliable, net profit increased by 11.6 million last fiscal year to Rs 214.3 million as compared to the previous fiscal year. 843.5 million. Life Insurance Fund Reliable has reached Rs 2.58 billion.
Net premium increased by 88.01 percent to Rs 2.95 billion. Similarly, Reliance has earned Rs. 369.1 million through net premium as well as investment, credit investment and other means. Reliable’s last financial year claims 123. The company has sought permission to issue an IPO at Rs
212 per unit, adding a premium of Rs 112 to the face value of Rs 100 per share. The company has sought permission to issue 6 million shares to the public. As the application has already been submitted to the Nepal Securities Board, this IPO will be issued soon.