Nepal Micro Insurance Company Limited has opened its Initial Public Offering (IPO) for Nepalese citizens working abroad. The IPO began on 8th Magh 2081 and will close on 22nd Magh 2081. The issue will not be extended beyond this date.
Key Details of the IPO
- Issued Capital and Share Allocation
- The company’s total issued capital is Rs. 75 Crores.
- 30% of the capital, equivalent to 22,50,000 units of shares worth Rs. 22.50 Crores, is allocated for the public.
- 10% of these shares, or 2,25,000 units, are reserved for Nepalese citizens employed abroad.
- Application Details
- Minimum Units: Investors can apply for a minimum of 10 units.
- Maximum Units: The maximum application limit is 1,00,000 units.
- The face value of each share is Rs. 100, and the full payment is required at the time of application.
- Other Allocations
- 5% (1,12,500 units) of the total shares are reserved for mutual funds.
- 3% (67,500 units) are reserved for the company’s employees.
- The remaining 18,45,000 units are open to the general public.
Application Process
Investors can submit their applications through:
- ASBA (Applications Supported by Blocked Amount) member banks and financial institutions approved by the Securities Board of Nepal (SEBON).
- The C-ASBA system is available online through “Mero Share.”
- Application forms are available at the company’s office in Bharatpur, Chitwan, and NIMB Ace Capital in Kathmandu.
Credit Rating
The IPO has received a ‘CARE-NP BB- (Is)’ rating from CARE Ratings Nepal Limited. This indicates a moderate risk of default in meeting financial obligations within Nepal.
Additional Information
Investors are advised to review the prospectus carefully before applying for the IPO. The credit rating remains valid until 2082/05/06 (22nd August 2025). The IPO represents an opportunity for Nepalese working abroad to invest in the growing financial sector while supporting the country’s economic development.
Notice: Nepal Micro Insurance Company Opens IPO for Nepalese Working Abroad
