Trust Micro Insurance to Issue 2.25 Million IPO Shares Worth Rs 225 Million

Kathmandu – Trust Micro Insurance Limited is set to issue 2.25 million IPO shares worth Rs 225 million, representing 30 percent of its total capital. The IPO will be offered to the general public at a price of Rs 100 per share.

To facilitate the issuance and sale of the securities, the company has appointed NIMB Ace Capital Limited as the issue and sales manager. The agreement was signed on Februray 16 by Ujwal Dhungana, Chief Executive Officer of Trust Micro Insurance Limited, and Sachindra Dhungana, General Manager of NIMB Ace Capital Limited.

Trust Micro Insurance Limited, which obtained its non-life insurance license on Kartik 12, 2080, has been providing micro insurance services to low-income and marginalized communities. The company officially began its non-life micro insurance operations from the 1st of Chaitra, aiming to extend financial protection to economically backward areas and vulnerable populations.