Nepal Micro Insurance Company Limited is issuing an Initial Public Offering (IPO) for Nepalese citizens living abroad.
- IPO Opening and Closing Dates: The IPO will be open from Magh 8 to Magh 22, 2081. The
closing date won’t be extended.
- Company Capital: The company’s total capital is Rs. 75 Crores. Out of
this, 30% (22,50,000 shares worth Rs. 22.50 Crores) will be offered to the
public later.
- Shares for Nepalese Abroad: From this 30%, 10% (2,25,000 shares) is specifically reserved for Nepalese citizens working abroad. These shares will be available for application during the mentioned dates.
- Other Allocations:
- Mutual Funds: 1,12,500 shares (5%) are set aside.
- Employees: 67,500 shares (3%) are reserved for the company’s
employees.
- General Public: The remaining 18,45,000 shares will be for the
general public.
- Application Details: Applicants can apply for at least 10 shares and up to
1,00,000 shares.
- Issue Manager: NIMB Ace Capital is managing the IPO process.
The
company has received a financial rating of ‘CARE-NP BB- (Is)’ from CARE Ratings
Nepal Limited. This means there is a moderate risk of the company failing to
meet its financial obligations on time within Nepal.
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