Himalayan Reinsurance’s IPO Application till date is Over Rs.50 Crore

Kathmandu : 24 thousand 103 people have applied for the first phase IPO issued by Himalayan Re Insurance. According to CDS, applications for 24 lakh 72 thousand 990 shares have been received today i.e. till 5:08 pm on 1 December. Through which 500.94 million 60 thousand 35 rupees have been collected.

In the first phase, the company has issued an IPO for Nepalese who have gone for foreign employment. The company has received permission from the regulatory body Nepal Securities Board to issue 30 million shares worth 3 billion rupees at the rate of 30 percent of the current issued capital equal to 10 billion rupees.

The company is going to issue shares at Rs.206 per share with a face value of Rs.100 per share plus a premium of Rs.106. In the company’s IPO, you can apply for a minimum of 10 shares and a maximum of 3 lakh shares. Nepalese who are employed abroad can apply for the company’s IPO till 18th of November.

NMB Capital Limited is the company’s share issue and sales manager.