The Himalayan Reinsurance Company has announced an IPO at a premium price. The company plans to issue an IPO for Nepali individuals working in foreign employment from Kartik 21 onwards.
The company has increased the premium by RS. 106 per share, and plans to issue the IPO at Rs. 206 per share. Similarly, in the first phase, the company has issued 30 lakh shares, which is 10% of its total capital, for Nepali individuals working in foreign employment.
Investors can apply for a minimum of 10 shares and a maximum of 3 lakh shares in this IPO. Additionally, the company has announced that applications can be submitted until Mangsir 5.
ICRA Nepal has provided this IPO with an IPO rating, assuring that the company has sufficient capacity to fulfill its responsibilities. NMB Capital is managing the IPO.