There is good news for IPO applicants. The IPO of General Insurance Company Limited (GIC) is starting 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)|
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|
General Insurance Company ( GIC ) Nepal is one of the fastest-growing insurance company in Nepal. Company key people are from diversified sectors such as Hydro to Micro level. The company provides Property Insurance, Motor Insurance, Marine, HouseHold, Travel Medical Insurance, Personal Accident, Burglary, Money and COVID Insurance. The company is succeeded in insuring the public in Nepal to date.
Regarding development of Business, Company will expand branches all over Nepal in all cities & urban areas to meet demand of insuring public. In addition, GIC Nepal shall offer new products to the customers in the years to come.
Contact Info ( General Insurance )
- Hattisar, Kathmandu,
- NepalP.O. Box No:2290
- Phone: 01-4443944, 01-4445844, 01-4445644
- Toll Free Number : 16600188866
- Email: [email protected]