Tag: Life

  • “Sun Nepal Life Insurance IPO Allotment Concludes: 7,68,000 Applicants Celebrate; 6,92,061 Applicants Return Empty-Handed”

    “Sun Nepal Life Insurance IPO Allotment Concludes: 7,68,000 Applicants Celebrate; 6,92,061 Applicants Return Empty-Handed”


     

    The IPO allotment process of Sun Nepal Life Insurance Company Limited has been completed today at the offices of the issue manager, Nepal SBI Merchant Banking Limited, in Kathmandu.

    Sun Nepal Life Insurance Company Limited had offered 76,80,000 unit IPO shares at a price of Rs. 239 per share, which consists of a face value of Rs. 100 and a premium price of Rs. 139 per share. The offering was open to the general public from Sharwan 32 to Bhadra 4, 2080.

    The total issued capital of the life insurance company is Rs. 3.2 Arba, with 30% or 96,00,000 unit shares allocated for the public, including Nepalese citizens working abroad and the general public. Out of this total offering, 10%, equivalent to 960,000 unit shares, was made available to Nepalese citizens working abroad from the 1st to the 15th of Shrawan. The remaining 86,40,000 units were designated for the general public, which also includes company employees and mutual funds, during the specified dates mentioned above.

  • “Citizen Life Insurance Set to Launch Premium IPO from Bhadra 15”

    “Citizen Life Insurance Set to Launch Premium IPO from Bhadra 15”


     

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    Citizen Life Insurance Company Limited (CLICL) is preparing to launch an Initial Public Offering (IPO) with a premium starting on the 15th of Bhadra. In this offering, the company plans to make shares available to the public at a base value of Rs 100 per share, with an additional premium of Rs 144, making the total cost per share Rs 244.

    The insurance company has received approval to issue 1,12,50,000 shares, which are valued at 1.125 billion rupees. This issuance constitutes 30% of its total issued capital of 3.75 billion rupees. Notably, a portion of these shares, amounting to 5%, has already been distributed. This initial portion consists of 562,500 shares, valued at 5 crore 62 lakh 50 thousand rupees, and was offered at the rate of 100 rupees per share exclusively for the company’s employees.

     

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

    “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 from the Nepal Insurance Authority, Reliable Nepal Life Insurance Company Limited is leading with the highest number of active policies, at 3,344,435. National Life Insurance Company Limited comes next with 1,609,278 policies. On the lower side, Mahalaxmi Life Insurance has 35,015 active policies.

  • “Samudayik Laghubitta and Prabhu Life Insurance Bonus Shares Listed on NEPSE”

    “Samudayik Laghubitta and Prabhu Life Insurance Bonus Shares Listed on NEPSE”


    Samudayik Laghubitta Bittiya Sanstha Limited (SLBSL) has recently listed 1,32,000 units of bonus shares on the Nepal Stock Exchange (NEPSE). During their 9th Annual General Meeting held on the 22nd of Ashad, 2080, the company approved a 15% dividend for the fiscal year 2078/79. This dividend will be distributed based on the company’s paid-up capital of Rs. 13.20 Crores. Additionally, the board of directors also proposed issuing 10% bonus shares amounting to Rs. 1.32 crores and a 5% cash dividend totaling Rs. 66 lakhs.

    At present, the Last Traded Price (LTP) of SLBSL stands at Rs. 864.90.

     

  • “Reliable Nepal Life Insurance IPO Allotment Concludes, Leaves Nearly 400,000 Applicants Empty-Handed”

    “Reliable Nepal Life Insurance IPO Allotment Concludes, Leaves Nearly 400,000 Applicants Empty-Handed”


     

    The IPO allotment for Reliable Nepal Life Insurance Limited (RENLICL) has wrapped up today at the Civil Capital Market premises in Sundhara, Kathmandu. The company had offered 9,600,000 IPO shares at a face value of Rs 100 per share, along with a premium of Rs 157, making the total cost per share Rs 257. This opportunity was made available to the general public from the 18th to the 22nd of Shrawan, 2080.

     

  • Last Day to Apply for IPO of Reliable Nepal Life Insurance; Oversubscribed 1.56 Times from 12.55 Lakh Applicants

    Last Day to Apply for IPO of Reliable Nepal Life Insurance; Oversubscribed 1.56 Times from 12.55 Lakh Applicants


     

    Reliable Nepal Life Insurance Limited is wrapping up its offering of 96,00,000 unit shares to the public, which began on August 23, 2080, and is now concluding on August 26, 2080.

    This life insurance company has a total issued capital of Rs. 4 Arba, with 30% (1,20,00,000 unit shares) being made available to the public, including Nepalese citizens abroad and the general public. Within this allocation, 10% (12,00,000 unit shares) were reserved for Nepalese citizens working overseas, while 5% (600,000 units) were set aside for the company’s employees, and another 5% (600,000 units) for mutual funds. The remaining 96,00,000 units are designated for the general public.

  • “Sun Nepal Life Insurance Announces 76.80 Lakh IPO Shares for General Public at Premium Price from Shrawan 32”

    “Sun Nepal Life Insurance Announces 76.80 Lakh IPO Shares for General Public at Premium Price from Shrawan 32”


     

    Sun Nepal Life Insurance Company Limited will release 76,80,000 IPO shares starting August 15, 2023. The offer ends on August 20, but it could continue until September 4 if not fully subscribed.

    The company’s total capital is Rs. 3.2 billion, with 30% (96,00,000 shares) available for the public, including Nepalese citizens abroad. Additionally, 10% (960,000 shares) were already issued to overseas Nepalese citizens between July 16 and July 30.

     

  • “NIMB Ace Capital Concludes Citizen Life Insurance IPO Allotment; Foreign Applicants Receive 10 to 50 Unit Shares”

    “NIMB Ace Capital Concludes Citizen Life Insurance IPO Allotment; Foreign Applicants Receive 10 to 50 Unit Shares”


     

    The life insurance company recently offered its regular shares to the public at a premium price of Rs 244 per share, starting from Asar 31 to Shrawan 14, 2080. According to a press release, the company distributed shares based on different categories of applicants. Around 7,885 applicants received shares based on their requested quantity within the range of 10 to 40 units. Additionally, 19,743 applicants who had applied for 50 to 2000 units were allotted 40-unit shares each. In a stroke of luck, 18,029 applicants from the latter group were selected through a lucky draw to receive an extra 10-unit shares.

  • “NEPSE Finalizes Listing Agreement for IME Life Insurance IPO; Trading Starts This Sunday.”

    “NEPSE Finalizes Listing Agreement for IME Life Insurance IPO; Trading Starts This Sunday.”


     

    “IME Life Insurance (ILI) IPO Shares to Be Listed on Nepal Stock Exchange (NEPSE). The agreement for listing 4 crore unit shares with a face value of Rs. 100 each has been finalized today. Civil Capital Market Limited will be the issue and sales manager for the IPO issuance.”

     

  • “Citizen Life Insurance IPO for Nepalese Employed Abroad Closes Today; Oversubscribed by 1.62 Times.”

    “Citizen Life Insurance IPO for Nepalese Employed Abroad Closes Today; Oversubscribed by 1.62 Times.”


     

    “Closing Today: Citizen Life Insurance IPO for Nepalese Citizens Abroad. The life insurance company’s IPO offering 11,25,000 unit shares to Nepalese citizens working abroad concludes on the 14th Shrawan. The total issued capital of the company stands at Rs. 3.75 Arba, with 30% of it, equivalent to 1,12,50,000 unit shares, being made available to the public, including Nepalese citizens abroad and the general public. Out of this, 10% (11,25,000 unit shares) is reserved for citizens working abroad, 5% (562,500 units) for the company’s employees, and another 5% (562,500 units) for mutual funds. The remaining 90,00,000 units will be offered to the general public at a later date.”

     

  • “NLICL Announces 8% Bonus Shares Listed on NEPSE”

    “NLICL Announces 8% Bonus Shares Listed on NEPSE”


     

    National Life Insurance Company Limited (NLICL) has listed 37,12,345.50 unit bonus shares on NEPSE. This decision came after the company’s 35th AGM, where a 14.5% dividend for the fiscal year 2078/79 was approved. The dividend includes 8% bonus shares valued at approximately Rs. 37.12 crores and a 6.5% cash dividend (including tax) worth Rs. 30.16 crores. NLICL’s shares are now available for trading on NEPSE following this development.

  • “Sun Nepal Life Insurance Company Limited Initiates IPO Issue for Nepalese Citizens Working Abroad”

    “Sun Nepal Life Insurance Company Limited Initiates IPO Issue for Nepalese Citizens Working Abroad”


    Sun Nepal Life Insurance Company Limited has commenced the issuance of 9,60,000 unit IPO shares exclusively for Nepalese citizens working abroad, starting from today, 1st Shrawan. The IPO issue will remain open until the 15th Shrawan, 2080.

    The total issued capital of the life insurance company amounts to Rs. 3.2 Arba, of which 30% or 96,00,000 unit shares will be made available to the public, including Nepalese citizens working abroad and the general public. Among the total shares being issued, 10% or 960,000 units have been allocated specifically for Nepalese citizens working abroad. The remaining 86,40,000 units will be issued later to the general public, encompassing employees of the company and mutual funds.

    The IPO shares will be offered at a price of Rs. 239 per share, which includes a premium price of Rs. 139 in addition to the face value of Rs. 100.

    Nepal SBI Merchant Banking has been appointed as the issue manager for the IPO, which aims to raise a total of Rs. 2.22 Arba for Sun Nepal Life Insurance Company Limited. Out of this amount, Rs. 1.26 Arba will be allocated as the premium amount, while the remaining portion will contribute to the company’s paid-up capital.

    Established on August 2, 2017, Sun Nepal Life Insurance Company Limited is a licensed life insurance company authorized by the Insurance Board. The company offers a diverse range of products, including Money Back, Endowment, Whole Life, and Term Assurance products, through its extensive sales network. As of mid-December 2019, the company boasted a branch network of 21 (including the head office), 56 sub-branches, and 15,838 insurance agents.

    In addition, CRNL (Credit Rating Nepal Limited) has assigned a grading of ‘CARE-NP IPO Grade 4’ to the proposed IPO of Sun Nepal Life Insurance Company Limited, indicating below-average fundamentals. The company intends to issue 60 lakh shares with a target of raising Rs. 60 crores through the IPO.