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General Insurance Company Nepal Limited will issue IPO from Ashoj 11





This biggest number of IPO in Nepal is going to issue soon. General Insurance Company Nepal Limited is going to issue IPO from Ashoj 11 2076. The Company will issue 30 lakh unit shares worth rupees 30 crore which has face value Rs:100. Out of 30 lakh units share the company had allocated 120000 units shares to the employee of the organization, 150000 shares are allocated to the mutual fund and rest 2730000 units shares will be issued to the general public. The duration for the IPO application is Ashoj 11 to Ashadh 14. The applicant can apply through Mero share and those banks who are the members of ASBA The applicant can apply from 10 units to 10 thousand units . NIBL Ace Capital is the Issue Manager of the IPO issue.

Like wise General Insurance has earned 5.6 Crore profit on last fiscal year. This company had paid-up capital 70 crore and after the IPO allotment, the paid-up capital of the company will be 1 arba.The earning per share of the company is 7 rupees and 23 paisa only.

How Many Units share is good to apply ?


The number of new investors has been increasing day by day in the primary issue of the stock market. Up to 100,000 applicants have been added to each new eviction. The same is true of the demand for the latest evictions. On this basis, the number of applications for General Insurance's IPO is almost certain to set a new record. Accordingly, even in this eviction, less than half of those who have applied for IPO will get 10 lots from the round. The remaining half of the applicant's hand will also be empty in it. Based on the number of applications received in the last IPO Reliance Life, about 600,000 (589,464) applications were received. Accordingly, at least 600,000 applications will be received for the IPO of General Insurance. Only 45 out of 100 people will get 10 lots of shares through the round of application while the remaining 55 will be left empty-handed. Accordingly, an application of 10 lots, i.e. Rs. While half of the applicants do not get 1,000 shares, some believe that they will get the shares if they apply for more. However, securities issuance and sales managers say that it is not possible to get shares by applying for a large amount of money. Applications can be submitted till Wednesday, September 30 NIVL Capital has stated in the share issue manager that one can apply for the company's IPO from 11 to 14 September. There is an arrangement to apply for a minimum of 10 lots and a maximum of 10,000 lots. Investors wishing to apply for an IPO will be able to apply for shares through banks and financial institutions that receive ASWA services, as well as through the My Share app and My Share software. Currently, there is no arrangement to apply from my share mobile app. Currently, the company's paid-up capital is Rs 700 million. The paid-up capital will reach Rs 1 billion after the IPO. Non-life insurance companies are required to maintain a minimum paid-up capital of Rs 1 billion as directed by the Insurance Committee.

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