KATHMANDU, Jan 17: The IPO allotment of Guardian Micro Life Insurance Limited is scheduled for Sunday at Kumari Capital Limited, Naxal.
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Of the 22,50,000 shares offered, 2,25,000 shares (10%) were allocated to Nepalese working abroad, 67,500 shares (3%) for company employees, and 1,12,500 shares (5%) for mutual funds. The remaining 18,45,000 shares, priced at Rs. 100 each, were offered to the general public.
CDSC reported 14,92,769 applicants requesting 19,991,890 shares worth Rs. 1.99 Arba. However, only 1,84,500 lucky applicants will receive 10 shares each.
