Himalayan Reinsurance’s IPO is Open, From 13th of December

Kathmandu: Himalayan Reinsurance has opened its IPO for the general public. The IPO has been opened for public to fill from 13th of December (27th of Mangshir).

The company has allotted 30 million shares of Rs.100 per share which is equal to 30 percent of the total issued capital of 10 billion Rupees, among which 30 million ordinary shares has opened for public after adding a premium of Rs.106 per share, it has become Rs.206 per share which makes it the total value of 6.18 billion Rupees.

Out of that, 2% i.e. 600 Thousand shares have been reserved for the employees working in the company, 10% i.e. 3 million shares have been allocated to Nepalese working in abroad and 5% i.e. 1.5 million shares have been distributed to the collective investment fund.

The company has now opened the issue and sale of the remaining 24.9 million ordinary shares to the general public. A minimum of 10 shares and a maximum of 300 thousand shares of the company can be applied by those, who are ready to pay Rs.206 per share after adding the premium of Rs.106 to each shares in the face value of Rs.100 per share.

The company’s share issuance will be closed on 17th December at the earliest or 27th December if delayed.