Nepal Micro Insurance Opens IPO Sale for General Public

Kathmandu – Nepal Micro Insurance Company Limited has opened its initial public offering (IPO) sale for the general public starting 23rd February 2025, following the successful completion of the first phase of IPO allocation.

The company is issuing 2.25 million shares, equivalent to 30% of its issued capital of Rs 750 million, at a face value of Rs 100 per share. Out of the total issued shares, 2,50,000 shares (10%) were allocated to Nepalis working abroad, 67,500 shares were reserved for employees, and 1.25 million shares were set aside for collective investment funds.

With these allocations completed, the company is now offering the remaining 1.82 million shares to the general public. Investors can submit their applications until February 27. However, if sufficient applications are not received by this date, the deadline will be extended to March 9. Given the strong interest from general investors, it is expected that the IPO will be fully subscribed within the initial deadline.

Interested investors can apply for a minimum of 10 shares, costing Rs 1,000, and a maximum of 100,000 shares, requiring an investment of Rs 10 million. NIMB Ace Capital Limited is the issue and sales manager for this IPO. Applications can be submitted through the Mero Share platform, member banks, financial institutions, and their authorized branch offices approved by the Nepal Securities Board.