Nepal Micro Insurance Issues IPO: Last Day to Apply!

Nepal Micro Insurance's IPO for Nepalese working abroad has its last application date today, Magh 22. The company has issued 30% of its total capital, amounting to 2.25 million shares, of which 225,000 shares are specifically allocated for Nepalese employed overseas. This IPO has garnered significant interest, with applications exceeding demand by 7.11 times as of yesterday. Since it is oversubscribed, shares will be allotted through a lottery system. Interested applicants can apply through banks and financial institutions or via the online "Mero Share" system.