Kathmandu, Aug 28, 2020
The IPO allotment of Reliance Life Insurance Limited has concluded today.
Reliance Life Insurance Limited had issued 63,00,000 units worth Rs 63 crore as Initial Public Offering to the general public from (Bhadra 4-8, 2077).
Out of the offered 63,00,000 units; 5% of the total offered shares 3,15,000 units have been set aside for the employees of the company and 5% of the total offered shares 3,15,000 units have been set aside for the mutual funds. The remaining 56,70,000 units are for the general public.
Click here to see IPO Results
OR Here
5,89,464 applicants received for a total of 2,29,26,010 units which was oversubscribed by more than 4.04 times. Out of 5,89,464 only 5,87,509 application were valid.
Allotment Module
As to the lottery system a total of 5,67,000 applicants were allotted 10 units each, and the remaining 20,509 applicants were not allotted.
Both Company Staff (244) and Mutual Funds (19) were allotted full 3,15,000 units each.s
Total disqualified applicants were 1,955 who applied for 71,590 units.
Click here to see IPO result
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