Star Micro Insurance Company plans to launch an Initial Public Offering (IPO), with NIMB Ace Capital Limited appointed as the issue and sales manager,
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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