Nepal Micro Insurance Company to Launch IPO for Nepali Workers Abroad from January 21

Kathmandu – Nepal Micro Insurance Company Limited is preparing to launch its Initial Public Offering (IPO) for Nepali citizens employed abroad starting from January 21. The company has received approval from the Securities Board of Nepal to issue 2.25 million shares, representing 30 percent of its paid-up capital of Rs 225 million, at a face value of Rs 100 per share.

In the first phase of the offering, 225,000 shares which is equivalent to 10 percent of the company’s paid-up capital, will be sold exclusively to Nepali workers abroad who have obtained labor approval from the Government of Nepal. These individuals will have until February 4 to apply for shares. Applications can be made for a minimum of 10 shares and up to a maximum of 100,000 shares per applicant.

Following this initial phase, Nepal Micro Insurance Company plans to allocate additional shares to specific groups. A total of 67,500 shares, equivalent to 3 percent of the offering, will be reserved for the company’s employees, while 112,500 shares, or 5 percent, will be allocated to the collective investment fund. The remaining 1.845 million shares will be made available to the general public. If any shares earmarked for Nepali workers abroad remain unsold, they will be added to the public offering pool.

The IPO will be managed by NIMB Ace Capital Limited, which will oversee the process and ensure its smooth execution. Interested investors, including Nepali citizens working overseas, can apply for the IPO through all ASBA-member banks and financial institutions, as well as their branches licensed by the Securities Board of Nepal. Applications can also be submitted conveniently through the Mero Share Online platform.