Citizen Life Insurance IPO result was finalized on the basis of allotment for its IPO on Thursday, September 14 at 5:00 p.m. after receiving a strong response from investors. The Citizen Life Insurance Company Limited IPO subscription was open from 1st September 2023 to 5th September 2023, within which Nepali investors made their applications to invest in shares of the company.
Individuals who have bid for the Citizen Life IPO can check the Citizen Life Insurance IPO result and application status on the website of the CDSC, Meroshare, and NIMB Ace Capital Limited, the Issue Manager of the IPO.
Citizen Life Insurance IPO Result Date and Time
| IPO Name | Citizen Life Insurance Company Limited |
| Issue Manager: | NIMB Ace Capital Limited |
| Issue Open Date: | September 1, 2023, at 10:00 AM |
| Issue Close Date: | September 5, 2023, at 5:00 PM |
| IPO Result Date | Initiation of Refund |
| Number of Shares Issued: | 9,000,000 |
| Price per Share: | Rs 244 |
| Minimum Quantity: | 10 Shares |
| Maximum Quantity: | 1,500,000 Shares |
| Inititation of Refund | September 15, 2023 |
| Credit of Shares to Demat | By September 28, 2023 |
| Listing Date | By October 05, 2023 |
| Direct Link | iporesult.cdsc.com.np |
How to Check Citizen Life Insurance IPO Result on CDSC on iporesult.cdsc.com.np?
If you’ve applied for Citizen Life Insurance IPO and are eager to know your IPO allotment status for Citizen Life Insurance IPO Result, here’s a step-by-step guide to help you check it on the registrar’s website.
- Visit the Mero Share website at https://iporesult.cdsc.com.np.
- Navigate to the “Search” option in the dropdown menu.
- Choose “Citizen Life Insurance Company Ltd.” from the dropdown menu, as it’s the specific IPO you’re interested in.
- Enter your BOID (Beneficiary Owner Identification Number) and Demat Number accurately.
- Complete the verification process by clicking the Recaptcha button.
- Finally, click the “View Result” button.
Your Citizen Life Insurance IPO allotment status will then be displayed on your computer monitor or smartphone screen. Please ensure that the information you provide, especially your BOID and Demat Number, is accurate. The results will show the number of shares you subscribed to and the number of IPO shares allocated to you.
Check Citizen Life Insurance IPO Result on NIMB ACE CAPITAL LIMITED
You can also check your allotment status on the online portal of NIMB ACE CAPITAL LIMITED, the Issue Manager of the IPO. Follow these steps:
Step 1: Go to NIMB ACE CAPITAL LIMITED’s IPO Allotment Status page by visiting the following link: https://result.nimbacecapital.com/
Step 2: Select “Citizen Life Insurance Company Ltd.” as the company name.
Step 3: Fill in your DEMAT along with the captcha accurately.
Step 4: After providing the required information, click the “Submit” button.
Once you click “Submit,” you will be directed to a page displaying your Citizen Life Insurance IPO allotment status. You’ll be able to see whether you’ve been allotted shares or not.
How to Check Citizen Life Insurance Company Limited IPO result at Meroshare
To check the IPO allotment result status, including Citizen Life Insurance Company, on the Mero Share registrar’s website, follow these steps:
- Visit the official Mero Share Limited website at meroshare.cdsc.com.np.
- Enter your Username and DEMAT password accurately.
- Choose your Bank from the dropdown menu.
- Verify your login credentials, and then click on the “View Login” button.
- Once logged in, navigate to “MY AASBA” and click on the application report.
- Check to see if the IPO, in this case, “Citizen Life Insurance Company Ltd.,” has been allocated to you.
- If you have been allotted the IPO, you will see a message indicating “Allotted.” If you have not been allotted, you will see a message indicating “Not Allotted.”
Important Dates to Remember
Refunds for those who did not get the Citizen life Insurance IPO Result are expected to initiate on Friday, September 16.
If you have been allotted Citizen Life Insurance Company Limited shares, they are likely to be credited to your Demat account by Monday, September 28.