Guardian Micro Life Insurance IPO Listed on NEPSE

Kathmandu – The Nepal Stock Exchange (NEPSE) has officially listed the initial public offering (IPO) of Guardian Micro Life Insurance. The listing was completed on Thursday, paving the way for the company’s shares to be traded on the stock exchange.

A total of 7.5 million shares have been listed under the stock symbol ‘GMLI’. Of these, 2.25 million shares were distributed to the general public, including Nepalese working abroad, mutual funds, and employees, while the remaining 5.25 million shares were allocated to the company’s founding shareholders. The opening price range for Guardian Micro Life Insurance’s shares has been set between a minimum of Rs 100.34 and a maximum of Rs 301.02.

Trading of the company’s shares will commence on Sunday, allowing investors to participate in the secondary market.