Nepal Reinsurance Shares Deposited In Demat Account

May 29, 2020 | Investopaper

Nepal Reinsurance Company has deposited the IPO shares in the demat account of the shareholders. The company had informed that it would list the shares in Nepse within this week. Nepse has provided NRIC as the stock symbol for the trading of Nepal Reinsurance Company shares. The trading will be possible as soon as the stock market opens.

The company had floated IPO to the public on Chaitra 26 amid lockdown. The company sold Rs 1.60 billion worth of IPO to the public from Chaitra 4 to Chaitra 7. The company has a net worth of 159.56 per share. Hence, the trading price range can be up to three times the net worth.

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