Crest Micro Life Insurance to Launch IPO Worth Rs 225 Million

Kathmandu – The Securities Board of Nepal (SEBON) has approved Crest Micro Life Insurance Company to issue its Initial Public Offering (IPO). The company will issue 2.25 million units of shares at a face value of Rs 100 per share, amounting to a total of Rs 225 million. NIMB Ace Capital has been appointed as the issue manager for the IPO.

Crest Micro Life Insurance has been at the forefront of providing financial security to poor and disadvantaged groups in Nepal. By focusing on rural areas and underserved communities, the company has played a pivotal role in making insurance services accessible to families who previously had limited or no access to such facilities. The company operates through 23 branches and over 1,000 agents, ensuring that its services reach even the most rural communities.

In addition to providing insurance services, Crest Micro Life has been actively fulfilling its social responsibilities by supporting rural communities and enhancing financial inclusion.