Kathmandu, At present, the share market(NEPSE) is setting new records daily. At the same time, applying for an IPO is becoming the most popular topic in the market. Similarly, the number of people applying for IPOs is increasing day by day and new records are being set. Because of this, the question of which company’s IPO is going to issue has always been on the minds of general investors.
Among the new life insurance companies, Reliance Life, Jyoti Life, and Prabhu Life have already been issued IPOs. Now, the question of how many IPOs have been issued by the new insurance companies that are yet to be issued and are in the process of being issued is becoming a special curiosity of the general investors. Among the most sold shares in the share market now, the insurance companies’ shares are also being sold a lot and their price is increasing day by day breaking the circuit level.
Seven new life insurance companies are preparing to issue IPOs worth Rs 4 Arab 39 Crore. Citizen Life has Rs 75 crore, Union Life Rs 64 crore 50 Lakh, Reliable Nepal Life, IME Life, Sun Life, Sanima Life and Mahalaxmi Life insurance companies are issuing IPO at the rate of Rs 60 crore each. At present, Citizen Life has a paid-up capital of Rs. 1 Arab 75 Crore, Union Life has a paid-up capital of Rs 1 Arab 50 Crore, Reliable Nepal Life, IME Life, Sun Life, Sanima Life, and Mahalaxmi Life insurance companies has a paid-up capital of Rs 1 Arab 40 Crore each. After IPO issuance, Citizen Life will reach Rs 2 Arab 50 Crore, Union Life will reach Rs 2 Arab 15 Crore, Reliable Nepal Life, IME Life, Sun Life, Sanima Life, and Mahalaxmi Life insurance companies will reach Rs 2 Arab.