Star Micro Insurance Company plans to launch an Initial Public Offering (IPO), with NIMB Ace Capital Limited appointed as the issue and sales manager, a well-renowned merchant banker in Nepal. The CEOs of both companies signed the agreement on Bhadra 9, 2081.
Key Details:
- Total Shares Offered: 2,250,000
- Price Per Share: Rs. 100
- Issue Manager: NIMB Ace Capital Limited
- IPO Status: Awaiting approval from SEBON
The IPO is expected to raise Rs. 22 crore 50 lakh from IPO, representing 30% of the company’s issued capital. The shares will be available to the public after SEBON grants approval.
About the Company:
Star Micro Insurance was registered in 2079 and received its license in 2080 as a non-life microinsurance provider. The company offers services across various regions of Nepal.
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