Nepal Micro Insurance Limited Issues IPO for Nepalese Employed Abroad

Kathmandu – Nepal Micro Insurance Limited has opened its Initial Public Offering (IPO) for Nepalese citizens working abroad starting today, January 21. The company is offering 10% of the total IPO units allocated for the general public to Nepalese employed overseas in the first phase.

The company has received regulatory approval to issue 2.25 million IPO units worth Rs. 225 million, representing 30% of its total issued capital of Rs. 750 million. Of this, 225,000 units, worth Rs. 22.5 million, have been set aside specifically for Nepalese working abroad who have obtained labor approval from the relevant authorities of the Government of Nepal.

The subscription period for this first phase will run until January 22. Eligible applicants can apply for a minimum of 10 units and a maximum of 100,000 units, with each share priced at Rs. 100. Any units remaining after the completion of this phase will be added to the IPO pool and offered to the general public in the second phase.

NIMB Ace Capital Limited is managing the issuance and sale of the IPO. Nepalese employed abroad can apply through all C-ASBA member banks and financial institutions approved by the Securities Board of Nepal (SEBON) or via the Mero Share Online platform.