Last Day to Apply for Crest Micro Life Insurance IPO
Kathmandu — Today marks the final day to apply for the initial public offering (IPO) of Crest Micro Life Insurance Limited, which opened on March 6. The company had received approval from the Securities Board of Nepal to issue a total of 2.25 million shares at a face value of Rs 100 per share.
Of the total shares, 225,000 have been allocated for Nepalese working abroad, 67,500 for company employees, and 112,500 for collective investment funds. The remaining 1.845 million shares are being offered to the general public.
Investors can apply for a minimum of 10 shares and a maximum of 10,000 shares. NIMB Ace Capital Limited is the issuing and selling manager for the IPO.