General Insurance to float IPO from 11 Aswin

general insurance company Nepal

General Insurance Company Nepal Limited to float initial public offering (IPO) from 11 Ashoj 2077. The issue will be closed on 14 Ashoj 2077.

The company will be floating 30 lakh units of shares at the rate of Rs.100. The company has reserved 4% or 120,000 units and 5% or 150,000 units for existing mutual funds. The remaining 27,30,000 units shares floating for general public.

Interested applicants can apply for minimum 10 units & maximum 10,000 units share.

NIBL Ace Capital Limited has been appointed as issue manager.

Currently, its paid up capital stands at Rs.70 crore. After IPO issue, capital will reach to Rs.1 arba.

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