Guardian Micro Life Insurance IPO Allotment

The IPO allotment of Guardian Micro Life Insurance Company has been successfully completed. The allotment process took place on Sunday morning at the office of Kumari Capital, the issue manager for the IPO. The company had issued a total of 1,845,000 shares with a face value of NPR 100 each to the general public from January 5 to January 8, 2025. However, the IPO received an overwhelming response, with 1,908,331 applicants submitting bids for a total of 25,207,690 shares.

Following the allotment, 184,500 applicants have received 10 shares each, while the remaining 1,723,931 applicants were left empty-handed.Investors can check the IPO results through the issue manager's website, their Mero Share account, and the CDS and Clearing Limited's IPO result website at https://iporesult.cdsc.com.np/. The results are also accessible on the company's official website and via the ShareHub app.With a limited number of shares available, many investors were disappointed as only a small portion of applicants received shares.