4 Micro Life Insurance & Micro Insurance Companies to Sell 90 Lakh Shares in IPO
November 21, 2024 | Investopaper
Four micro life insurance and micro insurance companies are in the process of issuing the shares to the general public. These companies include:
- Guardian Micro Life Insurance Limited
- Crest Micro Life Insurance Limited
- Nepal Micro Insurance Company Limited
- Protective Micro Insurance Limited
These companies have already submitted an application to the Securities Board of Nepal (SEBON) seeking permission to float the shares to the general public. In total, the four companies are trying to raise Rs. 90 crores from the public offering by selling 90,00,000 shares at a par value of Rs. 100.
The table below presents the IPO status of the four companies.
Initial Public Offerings (IPO) Status of Micro Life Insurance & Micro Insurance Companies
| S.N. | Name of Company | No. of share | Issue Issue Manager | SEBON Application Date |
| 1 | Guardian Micro Life Insurance Limited | 2,250,000 | Kumari Capital Ltd | 4/24/2081 |
| 2 | Crest Micro Life Insurance Limited | 2,250,000 | NIMB Ace Capital Ltd. | 5/20/2081 |
| 3 | Nepal Micro Insurance Company Limited | 2,250,000 | NIMB Ace Capital Ltd. | 5/24/2081 |
| 4 | Protective Micro Insurance Limited | 2,250,000 | NIMB Ace Capital Ltd. | 6/20/2081 |
Source: Securities Board of Nepal (SEBON)
