"Reliable Nepal Life Insurance Opens Doors to Overseas Nepalese: 12 Lakh Unit IPO Shares Now Available"

Reliable Nepal Life Insurance Company Limited is opening the issue of 12,00,000 unit IPO shares to Nepalese Citizens working aboard from today i.e. on 27th Ashad. Behold, let it be known that the day of culmination for this chapter resides within the realm of the 10th of Shrawan, in the celestial year of 2080.

The Reliable Nepal Life insurance company is issued Capital of Rs. 4 Arba of which 30% i.e. 1,20,00,000 unit shares will be issued to the public (Nepalese citizens working abroad and the general public). Out of this total issue, 10% i.e. 12,00,000 unit shares have been allocated for Nepalese citizens working abroad, whereas 5% i.e 600,000 units have been set aside for the employees of the company and 5% of the total offered shares i.e. A staggering array of 600,000 units stand resolute, poised exclusively for the embrace of mutual funds. However, casting a glance beyond this privileged fraction, the sheer magnitude of 9,600,000 units awaits their turn, patiently awaiting their grand debut upon the grand stage, when the eager arms of the general public shall reach forth to claim their rightful share.

The shares will be issued for Rs. 256 per share (Rs 100 face value + Rs 156 premium price) to the general public and for the employees of the company at a par value of Rs. 100.

The issued and Management partner for this reliable Nepal life insurance company is Civil Capital Market as the issue manager. By issuing IPO , the total of Rs. 2.98 Arba capital will be raised for the company. Out of this Rs 1.78 Arba will be the premium amount and the rest would add to the paid-up capital. Rs. 2.80 Arba.is the current paid capital of the company.

 CARE Ratings Nepal Limited (CRNL) has revised the issuer rating assigned to Reliable Nepal Life Insurance Limited to ‘CARE-NP BBB+ (Is)’ from ‘CARE-NP BBB (Is)’. In the realm of creditworthiness, entities endowed with this particular rating embody a distinctive essence, as they are perceived to exude a judicious equilibrium in terms of ensuring the prompt fulfillment of their fiscal responsibilities., in Nepal. Such issuers carry moderate credit risk.

 In a realm where uncertainties lurk and shadows dance, there exists a beacon of trust and security known as Reliable Nepal Life Insurance Limited. Embracing the path of reliability and safeguarding lives, this illustrious company was meticulously woven into existence. With the celestial quill of the Office of Company Registrar under the Company Act 2006, it was inscribed upon the annals of bureaucracy on the hallowed day of December 04, 2007.

 In an enchanting exchange, the Insurance Board bestowed its celestial blessings upon this ethereal entity, granting it a license on the auspicious occasion of August 02, 2017. Thus, the stage was set for the symphony of assurance to resonate throughout the land.

 Woven with the threads of connectivity, the company's sprawling tapestry spans far and wide, extending its nurturing branches to all corners. Within this vast network, a tapestry of unity is formed, encompassing 9 branches, including the resplendent head office, as well as 69 sub-branches. These beacons of solace serve as portals of trust, guiding those in search of tranquility.

 A legion of guardians stands resolute, bearing the mantle of 28,655 insurance agents, weaving a web of protection for countless lives. They navigate the labyrinthine paths of existence, offering a shield against the tempestuous winds that may beset one's journey.

 As the tapestry of time weaves onward, the company's assets stand as pillars of prosperity and sustenance. In the realm of Mid-April, 2023, its asset base shines brilliantly, boasting a value of Rs. 11,856 Mn. A testament to its fortitude and wisdom, it serves as a sanctuary for dreams and aspirations.

Key Points to remember for IPO apply : 

 Amidst this grand tapestry, the company's capital gleams with an iridescent glow. At the heart of Mid-April, 2023, the paid-up capital stands tall at Rs. 2,800 Mn, resonating with the company's unwavering commitment to resilience and stability.