The IPO of Citizen Life Insurance Company Limited has opened the IPO issue and sale at a premium price from Asar 31st, 2080 today for the Nepalese who are employed abroad in the first stage.
If
you have money
to invest and regularly apply for Insurance Company IPO issued then this could
be a best
opportunity to boost your income. Follow the simple steps to apply this
Insurance IPO share reading this article and also know about the
company.
Citizen Life Insurance IPO 2023
Citizen Life Insurance Company Limited Symbol
The Citizen Life Insurance Company Limited symbol is CTZLIFE. You
could name Citizen Life Insurance and in symbolically as CTZLIFE IPO.
Citizen life Insurance IPO Dates & Time
In the initial public offering Citizen Life Insurance ipo is going issue from 31st Asar, 2080. In a hurry there will be fifteen days to apply for this IPO till 14th Shrawan, 2080.
- IPO Issue Start Date: 31st Asar, 2080
- IPO ending Date: 14th Shrawan & Time 5:00 PM
About Citizen Life Insurance Company Limited
Citizen Life Insurance Company Limited is the life insurance company which is service motive organization. It is public limited company established under company Act 2063 in Office of Company Registrar. The head office of Citizen Life Insurance Company Limited is situated at Kathmandu Metropolitan City Ward no. 11, L.S. Complex, Thapathali, Kathmandu.The website of this company is www.citizenlifenepal.com
Share Apply Quantity
The company is issuing Rs. 1 Arba 12 Crores 50 Lakhs 1 Crore 12 Lakhs 50 Thousand shares for ordinary investors at a face value price of 100 rupees with a premium of 144 rupees plus a premium of 244 rupees out of which 10% percent i.e. 11 lakh 25 for Nepali citizens who are employed abroad in the first stage.
The Application for citizen life insurance IPO is till 14th of Shrawan, 2080. Interested investors can apply for a minimum of 10 units of shares to a maximum of 11 lakh 25 thousand units of shares in the company's IPO.
C-ASBA member banks and financial institutions and their branch offices that have received approval from Nepal Securities Board for IPO of Citizen Life Insurance can also apply through C-ASBA system using meroshare website and app. Similarly, the company has appointed NIMB Ace Capital Limited as the IPO issue and sales manager.
- Total Share Issued: 1,12,50,000 Units
- Reserved for Employees: 5,62,500 Units
- 10% for Nepalese in Foreign Employment: 11,25,000
How to Apply Citizen Life Insurance IPO Share
You can apply visiting the nearest bank and financial institution that are participating in the C-ASBA service as well as through meroshare app, website and software to apply this share.
- Login to your Meroshare account
- Go to My ASBA
- Click on Apply Barahi Hydropower Share IPO
- Choose your bank, select the units, Type CRN Number
- Click Next
- Type 4 Digit Pin
- Apply for share
Care Rating Nepal, Dillibazar, Kathmandu ICRA Nepal has given BBB (Issuer) rating for Citizen Life Insurance Public Limited IPO.This shows that the position of the company is moderate degree of safety regarding timely servicing of financial obligations (ICRANP-IR) BBB which is pronounced as ICRA NP Issuer Rating BBB This also shows the Insurance is more safer side to invest.
NIMB Ace Capital Limited has been appointed as the issue and sales manager for issuing the IPO of Citizen Life Insurance IPO.
Citizen Life Insurance Net Worth Detail
Reserved Profit/Loss (Rs. in Thousand) in Fiscal year 2076/077 is 6,05,007, 2077/078 is 909,011, 2078/079 is 12,67,606 and 2079/080 is 14,37,048.
Per share Net Worth (Rs.) in Fiscal Year 2076/077 is 59, 2077/078 is 134.57, 2078/079 is 151.94 and 2079/080 is 172.74.
Per share Income (Rs.) in Fiscal Year 2076/077 is 15.37, 2077/078 is 17.17, 2078/079 is 21.49 and 2079/080 is 16.31.
Conclusion
If
you have any confusion applying the Citizen Life Insurance share then you could
directly contact by the means of comment. There are a lots of IPO coming in the future you could visit this website in future.
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