Citizen Life Insurance issuing its IPO at premium from Bhadra 15, what is the price?

Kathmandu. Citizen Life Insurance Company is going to issue shares at a premium. Although the company sold the face value to the employees at Rs 100, the rest is going to be issued at a premium.

The company has an issued capital of Rs 3 billion 75 crore. 30 percent of its shares are about to be issued. The shares will be issued at the rate of Rs. 244 after adding a premium of Rs. 144 to the marked rate of Rs. 100.

The company will sell shares from 15th to 19th of Bhadra.

A minimum of 10 shares and a maximum of 1.5 million shares can be applied for.

General public will be able to claim the 9 million shares remaining after issuing to company employees, foreign workers, and collective investment funds.