The IPO allotment for Nepal Micro Insurance Limited is scheduled for this Friday, 23rd Falgun, 2081, at 8:30 am.
NIMB Ace Capital Limited, the issue manager, will host the program at their Lazimpat office.The company has allocated 22,50,000 units in total. Out of these, 2,25,000 units (10%) are reserved for Nepalese citizens working abroad, 67,500 units (3%) for the company’s employees, and 1,12,500 units (5%) for mutual funds.
The remaining 18,45,000 units were offered to the general public at Rs. 100 per unit.CDSC reported that 19,02,984 applicants applied for 2,45,04,310 units, totaling Rs. 2.45 Arba, by the closing date. Based on the data, only 1,84,500 applicants will receive shares in the company.
