NIMB Ace Capital concludes allotment of IPO of Citizen Life Insurance; applicants from foreign employment destinations receive 10 unit to 50 unit ordinary shares
Tue, Aug 8, 2023 12:19 PM on Latest, Share Allotment,
NIMB Ace Capital has allotted 11.25 lakh unit shares of Citizen Life Insurance to the ex-pat Nepalese working at different migration destinations.
The life insurance company had floated its ordinary shares from Asar 31 to Shrawan 14, 2080 at a premium price of Rs 244, as per the media statement.
The company has allotted 10-to-40-unit shares to 7885 applicants as per the total demanded quantity, 40-unit shares to 19,743 applicants who had demanded between 50 to 2000 units while 18,029 from the same category received 10-unit additional shares in lucky draw, as per the media statement.
