Opening Range of Reliable Nepal Life Insurance

Opening Range of Reliable Nepal Life Insurance

We have information of Opening Range of Reliable Nepal Life Insurance company ltd. It is public ltd life insurance company of Nepal.

Opening Range of Reliable Nepal Life Insurance

Following are the detail information:

About Company

Reliable Nepal Life Insurance Company Ltd is a leading life insurance company in Nepal. The company was established in December 04, 2007. However, got licensed on August 02, 2017.

The company has a network of 9 branches (including head office), 69 sub-branches, and 28,655 insurance agents as of Mid-April, 2023.

The company is issuing IPO at Rs. 257 which means premium at 157.

Opening Range

The opening range of the company depends on the book value of the company. So, the book value of the company is Rs. 162.29. Hence, the opening range will be Rs. 162.29 to Rs. 486.87.

Civil Capital Market is the issue manager for IPO for the general people. Similarly, ICRA Nepal has given BBB rating for issuing IPO.

After IPO, the paid up capital of the company will be Rs. 4 arba.

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