Last Day to Apply for Nepal Micro Insurance ‘s IPO for Overseas Nepalese

Kathmandu – Today marks the final day for Nepalese employed abroad to apply for the IPO issued by Nepal Micro Insurance. The company has received approval to issue 2.25 million shares worth Rs 225 million, equivalent to 30% of its total issued capital of Rs 750 million.

Of this, 225,000 shares, or 10% of the total IPO, were allocated specifically for Nepalese working abroad who have obtained labor approval from the Government of Nepal. Additionally, 67,500 shares (3%) have been reserved for company employees, while 112,500 shares (5%) have been set aside for collective investment funds.

The remaining 1.84 million shares worth Rs 184 million will be issued to the general public after this phase. Applicants must apply for a minimum of 10 shares, with the option to apply for up to 100,000 shares.

To ensure transparency and compliance, the company obtained a credit rating of CARE-NP BB-(is) from CARE Ratings Nepal Limited. The issuance and sale process is managed by NIMB Ace Capital Limited.

Interested individuals are advised to submit their applications promptly before the end of banking hours today.