Jan 12, Kathmandu- Nepal Micro Insurance Limited is going to issue an IPO from Magh 8. The company had received permission from the Securities and Exchange Board of Nepal (SEBON) to issue 2.25 million shares of IPO at a price of Rs 100 per share for Nepalese working abroad.

Out of which 10 percent i.e. 2 lakh 25 thousand shares will be opened for IPO for Nepalis who are employed abroad.

Similarly, 3 percent, i.e., 67,500 units of shares have been reserved for employees and another 5 percent, i.e., 112,500 units of shares have been reserved for the collective investment fund.

The general public can apply for the remaining 18 lakh 45 thousand shares. Nepalis employed abroad can apply for this by Magh 22. Applications can be made for a minimum of 10 units and a maximum of 100,000 units.

Care Rating Nepal has assigned a ‘CARE-NP BB- (Is)’ to the insurance company’s IPO. This indicates that the company has a medium level of risk in its ability to meet its obligations.

NIMBS Capital is the sales manager for this IPO. Nepalese who are employed abroad can subscribe to this IPO through C-ASBA accredited banks and financial institutions and Mero Share.