KATHMANDU, Jan 19: The IPO of Guardian Micro Life Insurance Limited has been allotted. The IPO was allocated on Sunday by the sales manager, Kumari Capital.
A total of 184,500 applicants have received shares at the rate of 10 units each. In the company’s IPO, 1.96 million individuals applied, but 1.722 million applicants were left empty-handed.
The company issued 1.845 million units of shares at a face value of Rs 100 per share, from January 5 to 8.
Guardian Micro Life Insurance IPO allotment set for Sunday
Through the IPO, the insurance company offered 1.845 million shares for sale to the general public, but applications were received for 25.19 million shares.
In the first phase, the company had already issued the IPO to foreign workers, mutual funds, and employees.
The company, which obtained its license from the Nepal Insurance Authority in 2079 BS, made a profit of Rs 2.75 million last year.
The company projects a profit of Rs 8.41 million for the current fiscal year. Its earnings per share (EPS) are Rs 0.25, and the net worth per share is Rs 100.59.
