KATHMANDU, Jan 5: Guardian Micro Life Insurance has opened its IPO sale for the general public after allocating shares to Nepali workers abroad. The company is offering 2.25 million shares, which make up 30 percent of its total capital of Rs 750 million. These shares are priced at a face value of Rs 100 each.
Out of the total shares, 225,000 shares were previously sold to Nepalis working abroad. Now, 67,500 shares are available for company employees, 112,500 shares for mutual funds, and the remaining 1.845 million shares are open for general investors.
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Investors can apply for a minimum of 10 shares and a maximum of 100,000 shares, with the deadline for applications set for January 8.
