Crest Micro Life Insurance IPO Opening: 1.8 Million Shares for General Public

Crest Micro Life Insurance Limited is set to issue its Initial Public Offering (IPO) for the general public from Falgun 22. The company had previously allocated shares to Nepalese working abroad, employees, and mutual funds. Now, in the second phase, it plans to issue 1,845,000 shares for general investors.

• IPO Opening Date: From Falgun 22

• Issued Capital: NPR 750 million

• Shares for General Public: 1,845,000 shares

Previously Allocated Shares

• For Nepalese working abroad: 225,000 shares

• For Employees: 67,500 shares

• For Mutual Funds: 112,500 shares

• Minimum Application: 10 shares

• Maximum Application: 10,000 shares

• Application Period: Falgun 22 to Falgun 26 (Extended to Chaitra 7 if under-subscribed)

• Issue Manager: NIMB Ace Capital Limited

• Application Process: Through ASBA-member banks, financial institutions, and the "Mero Share" online system

• Credit Rating: Rated "ICRA NP Double B" by ICRA Nepal (Indicating moderate risk)

Investors can apply for a minimum of 10 shares and a maximum of 10,000 shares in Crest Micro Life Insurance’s IPO. The company’s financial stability has been rated as moderately risky. Interested investors should apply within the given timeframe.