Himalayan Re Insurance Limited is going to issue IPO !!!

Himalayan Re Insurance Limited is going to issue IPO from Mangshir 4th. In the first phase, the company is going to sell IPO for Nepalis who have gone for foreign employment.

The company has received permission from the regulatory body Nepal Securities Board to issue 30 million shares worth 3 billion rupees at the rate of 30 percent of the current issued capital equal to 10 billion rupees. In the first phase, the company is going to issue 3 million shares for Nepalis working abroad, 6 million shares for employees working in the company, and 1.5 million shares for collective investment funds.

The company is going to issue shares at Rs 206 per share with a face value of Rs 100 per share plus a premium of Rs 106. In the company's IPO, you can apply for a minimum of 10 shares and a maximum of 3 lakh shares. Nepalese who are employed abroad can apply for the company's IPO till 18th of Mangshir. 

NMB Capital Limited is the company's share issue and sales manager.