Another IPO for 60 lakh unit shares coming soon! IME Life Insurance receives Care NP BBB rating from Care Nepal for its upcoming IPO

IME Life Insurance has received a Care NP BBB rating from Care Nepal rating agency for its upcoming IPO of 60 lakh unit public shares.

This rating indicates the moderate grade safety of the agency. After floating the IPO shares, the paid-up capital of the insurance company will scale up to Rs 2 Arba thereby restructuring the promoter-public share structure at 70-30%, as per the media statement.

The young life insurance company has been providing its services with 120 branches and more than 18K plus insurance agents spread all across the nation, as per the media statement.