Kathmandu, Aug. 28
Star
Micro Insurance Company Limited has signed an agreement with NIMB Ace Capital
Limited to act as the issue and sales manager for its upcoming Initial Public
Offering (IPO).
The
IPO will consist of 2.25 million units of ordinary shares, each priced at Rs.
100, amounting to a total of Rs. 225 million which represents 30 of the
company’s issued capital, informed the NIMB Ace Capital.
Star
Micro-Insurance was registered in December 2022 and received its non-life
micro-insurance license in August last year. It has been providing non-life
micro-insurance services across various regions of the country.
The
agreement was signed by Bishwo Ram Timila, CEO of Star Micro-Insurance and
Sachindra Dhungana, General Manager of NIMB Ace.
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