Reliance Life Insurance IPO allotment | Reliance Life Insurance IPO resilt | Merolagani IPO Result | ipo allotment of reliance life insurance

Reliance
Life Insurance has got the oversubscription on its IPO issuance so there is no
chance of share allotment for all applicants. According to sales manager Sanima Capital, 20,509 people will not get IPO as per the company’s IPO. The company’s IPO has received applications from 589,464 people. Of them, 1,955 applications have been rejected and 5,87,509 eligible applications have been received. Out of the total offered shares sixty lakh units, five percent
of the total issued shares are set aside to the employees of the company and
five percentages were set aside for the mutual fund and the remaining fifty-six
lakh seventy thousand units shares were open for the general public.

 

Reliance Life IPO allotment

Published on 14:30

The company will update the result soon

आइपिओ को रिजल्ट हेर्ने वेबसाइट

www.merolagani.com

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www.meroshare.cdse.com.np

According
to the Sanima Capital, the company has received six lakh six thousand three
hundred and eighty-one application for the IPO for the two crore forty-one lakh
thirty-one thousand eight hundred and seventy units of shares worth rupees two
Arba and forty-one crore till 5 PM of Bhadra 8^th therefore it is
already oversubscribed by 4.25 times. Now we are pretty much sure that the
allotment will be done through the lottery of 10 units according to the Securities
Issue and Allotment Guidelines 2074 of Securities Board of Nepal (SEBON).

 

About Reliance Life Insurance
Companies

Reliance
Life Insurance is one of the leading new life Insurance companies in Nepali
Market. Reliance Life insurance was established on Mangshir 1 2074. The head
office of this insurance is located at the Krishna Tower, New Baneshwor
Kathmandu. Pravin Raman Parajuli is the recent Chief Executive Officer of this
Insurance . The management team of this insurance is so experienced and
qualified.

 

Board of Directors of Reliance Life
Insurance

The
Board of Directors their role in Reliance life Insurance are as follows

1.    Tara Chand Kedia                           Chairman

2.    Bharat Kumar Todi                         Director

3.    Jagadish Kumar Agrawal               Director

4.    Amit Kumar Begani                        Director

5.    Sundar Prashad Kadel                    Director