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**Use this thread for discussing IPO of Citizen Life Insurance Company Limited.**
**All other posts will be rejected, repeat violators will be banned.**
* Issue Price: Rs 244 per share (Rs 144 premium on top of Rs 100 par value)
* Issue Date: Bhadra 15 – Bhadra 19, 2080
* Issue Size: 90,00,000 units for General Public
* Minimum application is for 10 units
* Maximum application is for 15,00,000 units *(should be multiple of 10)*
* Issue Manager: NIMB Ace Capital Limited
* Credit Rating: \[ICRANP-IR\] BBB- *(indicates moderate degree of default regarding timely servicing of financial obligations)*
**FAQs:**
* How to Apply: Online through MeroShare or C-ASBA approved banks
* How many units to apply: 10 kitta or Rs 2,440
**Who can apply?**
* All general public except institutional investors
* Staffs of the company (5,62,500 shares set aside as quota)
**Things to Note:**
* Paid-up capital will reach Rs 3.75 Arba after the IPO
* Promoter-public ownership will be 70:30 after the IPO
* Networth Per Share: Rs 172.43 (audited Q4 FY 78/79)
* Earnings Per Share: Rs 21.49 (audited Q4 FY 78/79)
* **Tentative opening range after listing: Rs 172.43 — Rs 517.29**
Links: [Offer Letter](https://www.niblcapital.com/wp-content/uploads/2023/07/CLICL_IPO-Announcement-to-Foreign-Employment-1.pdf?x30034) (PDF) | [Credit Rating](https://www.icranepal.com/wp-content/uploads/2022/06/238.Rationale_Citizen-Life-Insurance-Company-Limited-CLICL_May-2022.pdf) (PDF)
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