Kathmandu. Nepal Micro Insurance Company Limited has been granted permission by the Nepal Securities Board for the issuance of IPO.
The company has been granted permission to issue a total of 2.25 million ordinary shares at a face value of Rs 100 each, equivalent to Rs 225 million, which is 30 percent of its issued capital.
NIMB S Capital Limited is the IPO issuance and sale manager of the company.
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