NLG Insurance Company Limited has opened applications for the auction of its remaining shares from today until Magh 27, 2081 (February 10, 2025). Here’s everything you need to know about this opportunity.
Auction of Remaining Shares
NLG Insurance is auctioning shares that were not fully sold during its earlier share issuance. The company is offering:
- Founder Group Shares: 29,977.31 units
- General Public Shares: 290,555.91 units
This auction is open to individuals, companies, and organizations interested in investing in NLG Insurance.
How to Apply?
Application Process
If you’re interested in buying these shares, here’s how you can apply:
- Get the Application Form: Forms are available at NLG Insurance offices in Biratnagar, Birgunj, Pokhara, Butwal, Surkhet, and Dhangadhi. You can also get the form from Laxmi Sunrise Capital’s office in Kamalpokhari, Kathmandu.
- Fill out the Form: Provide your details, including your name, address, bank account information, and the number of shares you want to buy.
- Submit the Form: Submit the completed form and the required payment by Magh 27, 2081.
Key Details
- Minimum Shares:
- Founder Group: 1,000 units
- General Public: 100 units
- Price per Share: The minimum bid price is Rs. 100 per share, but you can bid higher.
- Payment: You can pay through a bank deposit or Connect IPS.
Why Invest in NLG Insurance?
A Trusted Name in Nepal
NLG Insurance is one of Nepal’s most reliable insurance companies. By investing in its shares, you become part of a growing business with a strong market reputation.
Potential for Growth
The insurance sector in Nepal is expanding, and NLG Insurance is well-positioned to benefit from this growth. Investing in its shares could yield good returns in the future.
Important Dates and Locations
- Application Start Date: Poush 20, 2081 (January 5, 2025)
- Application Deadline: Magh 27, 2081 (February 10, 2025)
- Where to Apply:
- Laxmi Sunrise Capital, Kamalpokhari, Kathmandu
- NLG Insurance Branch Offices: Biratnagar, Birgunj, Pokhara, Butwal, Surkhet, Dhangadhi
Key Points to Remember
- Bid Wisely: The highest bidders will get priority in share allocation.
- Follow the Rules: Make sure your application form is filled correctly and submitted on time.
- Check for Updates: Keep an eye on official announcements for any changes in the process.
Conclusion
The auction of NLG Insurance shares is a fantastic opportunity for investors to be part of a growing company in Nepal’s insurance sector. With a simple application process and the potential for good returns, this is an investment worth considering.
Notice: NLG Insurance Right Shares Auction
