Security board of Nepal (SEBON) has approved IPO of General Insurance Company Nepal Limited on 24 Bhadra 2077.
The company will be floating 30% or 30,00,000 units of shares at the rate of Rs.100 for general public.
NIBl Ace Capital Limited has been appointed as issue manager.
Currently, its paid up capital stands at Rs. 70 crore. Paid up capital will reach to 1 arba after IPO issue.