Opening Range Of Guardian Micro Life Insurance Limited

Artha Kendra Artha Kendra
Fri, Jan 03, 2025 02:23 PM
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The expected opening price range of Guardian Micro Life Insurance Limited is between Rs. 100.34 and Rs. 301.02.

Guardian Micro Life Insurance Limited was established on December 26, 2022, and began operations on July 7, 2023. The company received its license approval on April 10, 2023, under the Insurance Act 2079. With its headquarters in Biratnagar Municipality, Morang, Nepal, GMLIL offers a variety of micro-life insurance products, including term plans, endowment plans, and group insurance schemes.

Key Information

Category Percentage Shares (Units) Value (Rs.)
Total Shares 100% 75,00,000 75 Crore
Promoter Holding 70% 52,50,000 52 Crore 50 Lakhs
Public Holding 30% 22,50,000 22 Crore 50 Lakhs

Breakdown of Public Holding

Sub-Category Percentage Shares (Units) Value (Rs.)
Reserved for Nepalese Abroad 10% 2,25,000 2 Crore 25 Lakhs
Reserved for Employees 3% 67,500 67 Lakhs 50 Thousand
Reserved for Mutual Funds 5% 1,12,500 1 Crore 12 Lakhs 50 Thousand
Shares for General Public 24.6% 18,45,000 18 Crore 45 Lakhs


Opening Price Range Of Guardian Micro Life Insurance Limited

The opening range of the company depends upon the audited book value of the company. As per the FY 2079/80, the book value of Guardian Micro Life Insurance Limited is Rs. 100.34.The expected opening price range of Guardian Micro Life Insurance Limited is between Rs. 100.34 and Rs. 301.02.

Application Details

Issue Date: Poush 21 to Poush 24, 2081 (can extend to Magh 6, 2081)

Minimum Application: 10 shares

Maximum Application: 1,00,000 shares

Issue Manager: Kumari Capital Limited

Application Platform: ASBA member banks and the ‘Mero Share’ system

Company Highlights

Established: December 26, 2022

Operations Began: July 7, 2023

License Approval: April 10, 2023, under the Insurance Act 2079

Headquarters: Biratnagar Municipality, Morang, Nepal

Products Offered: Term plans, endowment plans, and group insurance schemes

Financial Insights

Paid-Up Capital: Rs. 75 Crore

Credit Rating: ‘CARE NP Double B Minus,’ indicating moderate risk

Investment Opportunity

This IPO provides a gateway for investors to participate in Nepal’s expanding micro-life insurance sector. Guardian Micro Life Insurance Limited has a strong portfolio of insurance products and a growing network, ensuring long-term value for its shareholders. Potential investors are encouraged to apply within the specified timeframe to secure their participation.

 

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