Guardian Micro Life Insurance Opens IPO Applications From Today, How Much To Apply?

Guardian Micro Life Insurance Limited is set to launch its Initial Public Offering (IPO) targeting the general public starting today (Push 21). The company has received permission to issue 22,50,000 shares, which is 30% of the total issue capital of 75 crore rupees, equivalent to 22.5 crore rupees.

Out of this, 18,45,000 shares have been reserved for the general public, while 67,500 shares are allocated for employees and 1,12,500 shares for mutual funds. Additionally, 2,25,000 shares have already been issued for Nepalis employed abroad.

Those wishing to apply for the IPO can apply for a minimum of 10 shares and a maximum of 1 lakh shares. The deadline to apply for these shares is until Push 24.

The sales manager for this IPO is Kumari Capital Limited. Interested investors can apply through approved banks and financial institutions' branches from the Securities Board of Nepal or via the 'Mero Share' online platform using the C-ASBA system.

Compared to the number of applications from previous issues, it is expected that this time too, there will be more applications than the demand. Therefore, it seems appropriate to apply for only 10 shares.