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Nepal Micro Insurance IPO Allotment Scheduled for Tomorrow

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Nepse trading

Nepal Micro Insurance IPO Allotment Scheduled for Tomorrow

The IPO allotment of Nepal Micro Insurance is set to take place on Thursday at 8:30 AM. According to the issue manager, NIMB Ace Capital, the final preparations for the allotment have been completed at its Lazimpat, Kathmandu office. The company had issued 1.845 million shares at a face value of Rs. 100 per share from Falgun 11 to Falgun 15.

The IPO received an overwhelming response, with applications exceeding demand by 13.27 times. A total of 1,900,977 applicants applied for 24,483,220 shares, but only 184,500 investors will receive shares through a lottery system, leaving 1,717,477 applicants empty-handed.

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    ALICL Asian Life Insurance to Issue Rights Shares at 1:0.42 Ratio Kathmandu — Asian Life Insurance Company Limited has received approval from the Securities Board of Nepal (SEBON) to issue rights shares at a 1:0.42 ratio. The company will issue a total of 14,279,312.48 units of ordinary shares at a par value of Rs. 100 per share. This means shareholders will be entitled to receive 0.42 units of rights shares for every 1 unit they currently hold. The purpose of this issuance is to strengthen the company’s capital base and support future expansion and operational plans.

    NEPSE trading

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    9 May, 2025