IPO Shares of Citizen Life Insurance Company Now Listed in NEPSE; What are the Opening Ranges?

37,500,000 unit IPO shares of Citizen Life Insurance Company Limited (CLI) have been listed in NEPSE. This includes the shares held by promoters and the quantity issued to the general public.

The opening range for the first transaction is Rs. 172.43 to Rs. 517.29. The IPO shares will be traded in the secondary market the next day if the company signs an agreement with NEPSE.

Out of a total of 3,75,00,000 unit shares, 90,00,000 unit IPO shares were issued at Rs. 244 per share (Rs 100 face value + Rs 144 premium price) to the general public from 15th to 19th Bhadra, 2080.