Nepal Re-Insurance to float IPOs worth Rs.1.60 arba from 04 Chaitra

Initial public offering (IPO)

Nepal Re-Insurance Company limited to issue IPO worth Rs.1.60 arba from 04 Chaitra 2076. The issue will be close on 07 of Chaitra 2076.

The company will be issuing 1,60,00,000 units of IPO shares at the rate of Rs.100. Among total issues, the company have allocated 73,500 units from employees, 8,00,000 units for mutual funds and remaining 1,51,26,500 units for general public.

Interested applicants can apply for minimum 100 units and maximum 10,000 units from all C-ASBA approved banks and financial institutions.

RBB Merchant Banking Limited has been appointed as issue manager.

Currently, its paid up capital stands at Rs.8.40 arba.

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