Crest Micro Life's IPO Result on Bhadra 5

Kathmandu, Bhadra 4. The IPO of Crest Micro Life Insurance will be distributed tomorrow, Bhadra 5. The company started selling the IPO from Falgun 22. The IPO has been issued for general public investors.

The distribution of the IPO will take place at the office of the issue and sale manager, NIMB Capital, at 8:30 AM.

Until the final day of applications, 204,853 applicants have applied for 24,492,170 shares.

Due to the higher number of applications than the demand, this IPO will also be distributed through a lottery, where 184,500 fortunate individuals will receive shares at the rate of 10 shares each.

The company has been permitted to issue an IPO of 2,250,000 shares, which is equivalent to 30 percent of its issued capital of 7.5 billion rupees, amounting to 225 million rupees. Of these, 225,000 shares equivalent to 225 million rupees have already been issued and distributed for Nepalis working abroad.

Similarly, 67,500 shares have been distributed for the company's employees, and 112,500 shares have been distributed for collective investment funds. The company will now issue a further 1,845,000 shares equivalent to 184.5 million rupees for the general public in the second phase.