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Crest Micro Life Insurance’s IPO was allotted on Tuesday, Chaitra 5. The IPO was allotted at the office of NIMB S Capital, the company’s share issuance and sales manager.
The company had issued 1,845,000 shares to general investors from February 22 to February 26, with a face value of Rs 100 per share. A total of 1,965,811 people had applied to purchase 2,273,965,650 shares in the company’s IPO. Out of which 10,126 applications were canceled, while the remaining 1,955,685 applications were approved.
Due to the oversubscription, the company’s IPO has been allotted through a lottery process as per the Securities Issuance and Allotment Regulations. According to which, a total of 184,500 applicants have received the company’s shares at the rate of 10 units.
About Crest Micro Life Insurance company
Crest Micro-Life Insurance is a new entrant to the Nepalese life insurance industry, dedicated to offering dependable and affordable insurance solutions to families and individuals across the country. Our range of insurance products is designed to cater to your unique needs and budget, with personalized advice from our team of experienced professionals.
We understand the importance of protecting your loved ones’ financial security, and that’s why we offer a wide range of insurance products, from traditional life insurance to health insurance and accident insurance. Our aim is to provide peace of mind to our customers and help them prepare for unforeseen circumstances.
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