The Himalayan Re Insurance Company has opened applications for its IPO for Nepalis working abroad, and today (mangsir 19) is the last day to apply. Investors who want to apply on the last day can submit their applications to the company’s IPO within office hours. Investors can apply for a minimum of 10 shares and a maximum of 300,000 shares.
In the first phase, the company issued 30 lakhs shares for Nepalis working abroad, 6 lakhs shares for active employees of the company, and 15 lakhs shares for the collective investment fund.
So far, 28,479 people working abroad have applied for 3,482,900 shares in the company’s IPO. This is 1.16 times more than the company’s demand.
The company had received an ‘IPO Rating A’ for the IPO issuance, indicating the company’s ability to fulfill its financial obligations.
Investors who want to apply for the Himalayan IPO can do so through C-ASWA members, banks, financial institutions, and Meroshare.