KATHMANDU

The time for applying for the IPO of Himalayan Re-Insurance has been extended. The company has extended the time for applying for the IPO until Push 11, even though the IPO was opened to the public on Mangsir 27. Full application is not received for the IPO, So the company has extended the time for applying for the IPO. Along with this, the IPO of the company will remain open until Push 11.

Although the company has extended the time to apply for the IPO until Push 11, if the necessary number of applications are received before that, the process of applying will be closed in between.

11 lakh 56 thousand 434 people have applied for 2 crore 95 lakh 760 thousand shares of the 2 crore 49 lakh company released for the public. Now, the process of applying for the IPO will be closed after the application for about 41 lakh shares.

The company has issued the IPO at the rate of Rs 206 per share, adding a premium of Rs 106 per share to the marked price of Rs 100 per share. The sale manager of the IPO issued by the company is NMB Capital Limited. For the issuance of the IPO, the company has received an ‘ICRA NP IPO Issue Rating A’ from ICRA Nepal. This shows that the company’s financial liability capacity is secure.