The IPO allotment of General Insurance Company (GIC) is scheduled for Ashoj 20, Tuesday. The NIBL Ace Capital, the company’s share issue and sales manager prepared for General Insurance Company IPO result by Tuesday. Only 2,73,000 lucky applicants will get IPO shares at the rate of 10 Kitta each. A total of 813,725 applicants had applied for the IPO, out of them only 273,000 will get shares through lucky draw.
GIC pre-allotment on Sunday and IPO allotment date is Ashoj 20, Tuesday.
The IPO of General Insurance was opened from Ashoj 11 to 14. A total of 30,00,000 kitta IPO was opened for the public at the face value of Rs. 100. If you have applied for General Insurance Company IPO and looking for the result, then click here by Ashoj 20, Tuesday. You will get the results of the IPO allotment. or Click any link below to check your IPO result.
How to search IPO Result? Simply, select the company, Enter your Demat number & click Search, thats it, get the result
- Check the result of General Insurance – click here
- Result General Insurance company – click here
- General Insurance Company IPO result here
General Insurance Company IPO
There is good news for IPO applicants. The IPO of General Insurance Company Limited (GIC) was opened from Ashoj 11. The deadline of the IPO application is Ashoj 14. The Securities and Exchange Board of Nepal (SEBON) has given approval to General Insurance Company Limited to issue ordinary shares (IPO). The Securities and Exchange Board of Nepal ( SEBON ) on Wednesday approved the IPO issuance of the General Insurance Company.
After the SEBON’s approval, the company will now issue 30 lakh IPOs to the public. The company will allocate 5% shares to employees and 5% shares to mutual funds and sell the remaining all the shares to the general public. The company is going to start issue the IPO Ashoj 11.
IPO Open Date
The company is opening the IPO from Ashoj 11- Ashoj 14. Within this date applicant can apply for IPO share through Mero Share or can apply from Casba available bank. Applicant can apply for minimum 10 kittas to maximum 10000 kittas.
| IPO Open date | 2077-06-11 |
| IPO closing date | 2077-06-14 |
| IPO face value | Rs. 100 |
| IPO minimum Apply | 10 Kitta |
| IPO maximum Apply | 10000 Kitta |
IPO of General Insurance Company, Check detail
| Company | IPO rate | IPO to issue | Total Value |
|---|---|---|---|
| General Insurance Company | 100 | 30,00,000 | 30,00,00,000 ( Rs. 30 Crore) |
You May Like: Upcoming IPO of 11 Insurance Companies in Nepal, check it
The total issued capital of the company is 1 Arba Rupees. Of this, the company has Rs 70 Crores of institutional investors and the remaining Rs 30 Crores IPO is about to be issued. After the issuance of IPO, the company’s paid-up capital will reach 1 billion Rupees.
| Capital of Company | Amount ( Rs. ) |
|---|---|
| Paid Up Capital | 1,00,00,00,000 |
| Institutional Investor | 70,00,00,000 |
| IPO Issue | 30,00,00,000 |
