When will come Himalayan Ricoh IPO?

Kathmandu : The Applications for the IPO of Himalayan Reinsurance can be provide from November 4th. In the first phase, the company is going to issue foreign employment for Nepalese citizens its employees and collective investment fund.

The company is going to launch an IPO at Rs.206 after adding a premium of Rs.106 to the face value of Rs.100. Now the company will open the IPO sale of 30 million shares at a premium price. From that, the company will collect 3 hundred million rupees equivalent to 300 million rupees from the IPO sale.

In the first phase, the company is going to issue 300 hundred thousand shares for Nepalese workers working abroad, 600 hundred thousand shares for its employees and 150 hundred thousand shares for the collective investment fund after taking labor approval under foreign employment. In the first phase, Nepali workers who are employed abroad can apply for ‘My Share’ in the IPO by November 18 through online, ASWA member bank financial institutions.

MMB Capital is the sales manager of the company.