General Insurance Company appoints NIBL Ace Capital as issue manager; Company issuing 30 lakh units as IPO

General Insurance Company is issuing 30 lakh units Initial Public Offering (IPO) to the general public. The company has appointed NIBL Ace Capital as the issue manager of the issuance.

The agreement deal has been signed by General Manager Mr. S. K. Tamot on the behalf of General Insurance Company and Deputy CEO Mr. Mekh Bahadur Thapa on the behalf of NIBL Ace Capital.

General Insurance Company's current paid-up capital stands at Rs 70 crore, which after the IPO will reach Rs 1 arba. The company had started its operation from Magh 24, 2074. It head office is located at Hattisar – 01, Kathmandu with 37 branch offices and 10 third-party insurance counter.