Nepal Micro Insurance Opens IPO for General Public

Kathmandu – Nepal Micro Insurance has opened its Initial Public Offering (IPO) for the general public starting today. The company is issuing 1.84 million shares worth NPR 184.5 million as part of its IPO process.

Earlier, the company had allocated 10% of its total IPO shares—225,000 units for Nepalese employed abroad, while 67,500 shares were designated for employees and 112,500 shares for collective investment funds. The IPO constitutes 30% of the company’s issued capital of NPR 750 million.

Investors can apply for a minimum of 10 shares and a maximum of 100,000 shares until February 27. If the issue remains unsubscribed, the deadline will be extended until March 9. Given the limited number of shares available for the general public, the allotment will be based on a lottery system, with only 184,500 applicants receiving shares at the minimum 10-unit threshold.

Care Rating Nepal has assigned a ‘CareNP BB Minus’ rating to the IPO, indicating a moderate level of risk in meeting financial obligations. Nepal Micro Insurance, registered as a public limited company in 2079 BS, operates from its headquarters in Bharatpur, Chitwan, with 9 branches, 2 sub-branches, 13 extension counters, and a central office.