The allotment of shares for the IPO of Nepal Micro Insurance Limited is set for this Friday, 23rd Falgun, 2081, at 8:30 am. This event will be hosted at the office of the issue manager, NIMB Ace Capital Limited, located in Lazimpat.
From the total of 2,250,000 units, 10% (225,000 units) have already been allocated to Nepali citizens working overseas. In contrast, 3% (67,500 units) are reserved for the employees of the company, while 5% (112,500 units) have been earmarked for mutual funds. The remaining 1,845,000 units are available for the general public at a face value of Rs. 100.
According to the CDSC, 1,902,984 applications were received for 2,450,431 units valued at Rs. 2.45 Arba by the closing day.
Analyzing the figures, it’s clear that only 184,500 fortunate applicants will become stakeholders in the company.
