Reliance Life Insurance's Shares Listed Today; Trading starts Tomorrow

Mon, Sep 7, 2020 11:27 AM on Latest, Share Listed,

Reliance Life Insurance Limited's shares have been listed in NEPSE today.

Trading will, however, commence tomorrow only. The first transaction price is set in the range of Rs. 107.59 to Rs. 322.77 This range is set by NEPSE based on the net worth per share of the company. The lowest price is the net worth per share itself and the highest price is thrice this amount.

Sunrise Capital Limited is appointed as its share registrar.

Out of the offered 63,00,000 IPO units; 5%, i.e. 3,15,000 units were set aside for the employees of the company, and another 5% was set aside for the mutual funds. The remaining 56,70,000 units were issued to the general public. Reliance Life Insurance's IPO was oversubscribed by 4.04 times.

Including the promoter shares and the public shares, a total of 2,10,00,000 shares of Reliance Life Insurance are listed.