KATHMANDU, Feb 20: Crest Micro Life Insurance is set to issue its IPO starting from March 6 for the general public. In the second phase, the insurance company will issue 18.45 million units of shares worth Rs 184.5 million to the general public.
In the first phase, the company has already sold 225,000 shares worth Rs 22.5 million for those engaged in foreign employment.
Crest Micro Life Insurance to issue IPO from January 28
Crest received approval from the Securities Board of Nepal (SEBON) to issue 2.25 million shares worth a total of Rs 225 million, which would be 30 percent of its issued capital of Rs 750 million.
In the IPO, investors can apply for a minimum of 10 to a maximum of 100,000 shares at a face value of Rs 100. The share issuance and sales manager for the company is NIMB Capital Limited.
