The Citizen Life Insurance IPO Allotment process has been completed Successfully with Ball No. 5, as per the NIMB Ace Capital. The capital company is concluding the IPO Result now, where only 9,00,000 Applicants will get a share out of 14,14,282 applicants. Here’s more to know about the How to Check Citizen Life Insurance IPO Result, including its short analysis and company profile.
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Citizen Life Insurance IPO Result Published Today (Bhadra 28, 2080)
Citizen Life Insurance has issued 90,00,000 Units of shares to the General Public. Out of a total of 1,12,00,500 units of Shares, the company has allocated 10% (11,25,000 units) of Shares to the Foreign Member, besides the 5% (5,60,200) units for the employee and 5% for the Mutual Funds.
While the remaining shares (90,00,000) units of Shares are issued to the General Public. The IPO Result of Citizen Life Insurance Company Limited has been concluded successfully today at 2 PM with Lucky Ball No. 5.
In the IPO of Citizen Life Insurance, a total of 15,10,693 applicants have applied, with a total units of 1,67,90,180. It means the Share has been over-subscribed by 1.86 times. The company has issued only a total of 90,00,000 units of shares to the General Public.
No. of Applicants: 15,10,693
No. of Applied Units: 1,67,90,180
Subscription: Over-subscribed by 1.86 Times
Applied Applicants: 15,14,282
Allotted Applicants: 9,00,000
Issue Price: Rs 224
Opening Price Range: Rs 162.29 – 486.87
No. of Alloted Investors in IPO Result of Citizen Life Insurance Company Limited
The Allotment Process of Citizen Life Insurance Company Limited is successfully done with the Ball No. Here, the 9,00,000 Shareholders get the Share with the ten units each. The NIMB Ace Capital Limited has concluded the IPO Allotment process today (28 Bhadra).
The company has issued this Share to the General Public from the 15th of Bhadra to the 19th of Bhadra. Also, the Capital has canceled a total of 1,77,000 Applications due tot he various reasons during the IPO Allotment.
About Citizen Life Insurance Limited
Citizen Life Insurance Limited is a public limited company operating from October 2017. It’s one of the leading and the top Insurance companies in Nepal, headquartered in Teku, Kathmandu.
The company is established with the number of promoters and shareholders of a country. Promoters like Kantipur Publications, Some BFIs, and Other Insurance companies have a major portion of their share on it.
It’s a National Level Insurance company in Nepal. Citizen Life is a 70:30 public limited company with an authorized capital of NPR 5 billion, issued capital of NPR 3 billion 750 million, and paid-up capital of 2 billion 625 million.
Currently, it has more than 140 branches and sub-branches all over the country and provides different policies in the insurance coverage field.
Analysis of Citizen Life Insurance
As we know, the Share Market has a Higher Degree of Risk. So, it’s very wise to analyze the stock before buying or trading it. Here’s a short analysis of Citizen Life Insurance for you,
Reserve: Rs 143.70 Crore
Net profit: Rs 18.04 Crore
Net Worth (NWPS): Rs 175.43
ICRA Rating: BBB
Assets: Rs 13.67 Billion
Dividend Capacity: 30+%
The Process to Check Citizen Life Insurance IPO Result
You can check the IPO Results of Citizen Life Insurance from the different methods. Here, we will share the two most easy ways to check IPO Results in 2023.
Method I – Go to the NIMB Ace Site
- Visit the Share Allotment link of the Prabhu Capital; click Here to go.
- Now tap/click on the Company* from the dropdown menu.
- Now, choose Citizen Life Insurance Limited (General Public) and enter your 16-digit Demat Number.
- After that, click on Search, and you will get the result.
Method II – Go to the CDSC Site
- Go to the IPO Result page of CDSC; click here to go.
- Click on the Dropdown and select the company (Citizen Life Insurance Ltd. (For the General Public) there.
- Enter your 16-digit BOID and then fill out the captcha.
- At last, click on View Result.