Reliance Life Insurance expresses gratitude to everyone associated with historical IPO process drawing 6.09 lakh applicants

Reliance Life Insurance has issued a media statement to express gratitude to all the stakeholders associated with the recent IPO issuance process of the company.

As per the media statement, the young life insurance company is thrilled to have received around 6.09 lakh applications thereby creating history by registering the highest figure of application ever received by IPOs in Nepal.

The issue had received an overwhelming response where the general public had applied for 3.85 times more than the total size of IPO which shows an immense trust towards the young player in the life insurance sector, as further stated in the statement.