Kathmandu. Nepal Micro Insurance Limited has issued an IPO for the general public from today, Falgun 11. The company has issued 18 lakh 45 thousand shares worth Rs 184 million 45 lakh at a rate of Rs 100 per share.
The Nepal Securities Board had received permission to issue 2.25 million IPO shares at a face value of Rs 100 per share. The company has already sold 225 thousand IPO shares at a rate of Rs 100 per share to Nepalis employed abroad. Similarly, 67 thousand 500 shares have been reserved for employees and 1 lakh 12 thousand 500 shares have been reserved for the collective investment fund.
The general public can apply for the remaining 18 lakh 45 thousand shares. In which applications can be made for a minimum of 10 units and a maximum of 100,000 units. Applications can be made until Falgun 15.
If all are not sold during that period, applications can be made until Falgun 25. The company’s sales manager is NIMB S Capital. In which applications can be made through C-ASWA-accredited banks and financial institutions and through Mero Share.
Care Rating Nepal has assigned a ‘CareNP BB minus rating’ to the IPO of Nepal Micro Insurance. This indicates that there is a medium level of risk in the company’s ability to meet its obligations. Care Nepal had given the rating on Bhadra 6, 2081. This rating will remain valid until 2082 Bhadra 6.
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