General Insurance Company Nepal set to issue IPO worth Rs 30 Crore; SEBON adds the issue to pipeline

Tue, Jun 23, 2020 6:28 AM on IPO/FPO News, Latest,

Securities Exchange Board of Nepal (SEBON) has added the proposed IPO issue of General Insurance Company Nepal Limited under preliminary review in the latest list of IPO issues in the pipeline published.

The company is proposing to come out with an IPO of 3,000,000 equity shares with a face value NPR 100 each, at par. The amount of the issue is Rs 30 Crore. 

NIBL Ace Capital Limited has been appointed as the issue manager for the proposed IPO issuance.