Guardian Micro Life Insurance IPO Allotment Set for Next Week

Kathmandu – The IPO allotment of Guardian Micro Life Insurance Limited is set to take place on Sunday, January 19, as informed by Kumari Capital, the IPO sales manager. However, if the pre-allotment work is not finalized by the scheduled date, the allotment will be conducted later next week. The pre-allotment process is currently underway at a rapid pace.

Of the 22,50,000 shares offered, 2,25,000 shares (10%) were allocated to Nepalese working abroad, 67,500 shares (3%) for company employees, and 1,12,500 shares (5%) for mutual funds. The remaining 18,45,000 shares were made available to the general public at Rs. 100 each. The company had issued 1,845,000 shares to the general public at a price of Rs. 100 per share. Through the lottery, 184,500 lucky applicants will receive 10 units of shares each.

Kumari Capital has assured stakeholders that the process is being handled efficiently to meet the anticipated timeline.