Guardian Micro Life Insurance Limited (GMLI) has officially listed its 75,00,000 unit IPO shares on the Nepal Stock Exchange (NEPSE). This listing includes both the shares held by the promoters and those issued to the general public. The listing marks a significant milestone for the company as it enters the secondary market.
Key Details of the Listing
- Total Listed Shares: 75,00,000 units (including promoter and public shares).
- IPO Shares for General Public: 22,50,000 units were issued to the public from Poush 21 to Poush 24, 2081.
- Par Value: Rs. 100 per share.
- Trading Symbol: Shares will be traded under the symbol ‘GMLI’.
Opening Price Range
- The first transaction will have an opening price range of Rs. 100.34 to Rs. 301.02.
- Trading in the secondary market will start the next day after the company signs an agreement with NEPSE.
What This Means for Investors
- Opportunity to Trade: Investors who were allotted IPO shares can now trade them on NEPSE.
- Market Participation: The listing allows new investors to buy GMLI shares in the secondary market.
Conclusion
This listing marks an important step for Guardian Micro Life Insurance Limited, providing an opportunity for both promoters and public investors to participate in the company’s growth through the stock market.