Insurance

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[MEGATHREAD] 90 Lakhs kitta IPO of Citizen Life Insurance (Sep 1 – Sep 5, 2023)

​ https://preview.redd.it/13cq9m2b29lb1.jpg?width=1200&format=pjpg&auto=webp&s=6529872cfbffd52aae9819355183b22abbcb5ee6 **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 […]

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IPO | FPO

“Final Day for Citizen Life Insurance IPO Applications; Oversubscribed 1.38 Times with 11.07 Lakh Applicants”

  Citizen Life Insurance Company Limited is concluding its public offering of 90,00,000 unit shares starting today, which commenced on the 15th of Bhadra, 2080. The company’s total issued capital is Rs. 3.75 Arba, and out of this, 30%, or 1,12,50,000 unit shares, are being offered to the public, including Nepalese citizens working abroad. Of

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Business | Market | Economy

“Intense Competition Propels Life Insurers to Collect Rs. 1.42 Kharba in Premiums Until Ashad”

  Life insurance companies are currently in a strong competition to increase their premium collections. In the fiscal year 2079/80, until the month of Ashad, they collected a significant amount of Rs. 1.42 Kharba in premiums. This achievement was made possible by the hard work across 1.41 crore active insurance policies. According to a report

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