The second phase of the Initial Public Offering (IPO) results of Guardian Micro Life Insurance Limited has been published today on 6th Magh. A total of 18,45,000 shares worth Rs. 18.45 crores were issued for the general public during the IPO period, which was open from Poush 21 to Poush 24.
In this phase, 19,08,431 individuals applied for the shares. Out of these applicants, 1,84,500 individuals were allotted 10 shares each. The IPO was oversubscribed by approximately 12.58 times.
Out of the total 22,50,000 shares allocated for the general public, the distribution was as follows:
- 10% (2,25,000 shares) worth Rs. 2.25 crores was already allotted to Nepalese citizens working abroad.
- 82% (18,45,000 shares) were allocated to the general public in Nepal.
- 5% (1,12,500 shares) was reserved for mutual funds.
- 3% (67,500 shares) was set aside for the company’s employees.
The IPO results can be checked on the Kumari Capital Limited website, as well as on CDSC IPO Result and MeroShare platforms.
Key Details: Guardian Micro Life Insurance IPO Result
IPO Allotment Module:
