Guardian Micro Life Insurance to Issue 18,45,000 Lakh IPO Shares from Poush 21
Beginning on Poush 21st, 2081, Guardian Micro Life Insurance Limited will issue 18,45,000 unit IPO shares at a par value of Rs. 100. The 24th of Poush is the issue’s early closure date; if it is not completely subscribed, it may be prolonged until the 6th of Magh, 2081.
Ten percent, or 2,25,000 units, of the 22,50,000 units overall have already been distributed to Nepalese nationals employed overseas, while three percent, or 67,500 units, have been reserved for the company’s employees and five percent, or 1,12,500 units, of the total offered shares have been put aside for mutual funds.
The public will be able to purchase the remaining 18,45,000 units starting on Poush 21st, 2081.
Kumari Capital Limited is appointed as the issue manager. Applications can be placed for a minimum of 10 units and a maximum of 1,00,000 units.
