IME Life insurance company limited has started process of issuing IPO (initial public offering). The life insurance company has appointed Civil Capital Limited as issue manager for IPO of Rs. 60 crore.
The company will be issuing 60 lakh units of shares at the face value of Rs. 100 to the general public.
Acting CEO of Civil capital, Suman Acharya & acting Managing director of IME Life Insurance, Dinesh Amatya has signed agreement paper of issue management.
Currently, its paid up capital is Rs.1.40 arba. After issuing IPO, paid up capital will reach to Rs. 2 arba. Capital structure of company will be 70:30 between promoter & public.
