Nepal Reinsurance Company to issue 1.60 crore unit shares as IPO; Appoints RBB Merchant Banking as the issue manager

Nepal Reinsurance Company is all set to issue 1.60 crore unit shares as Initial Public Offering for the general public.

For issuing the IPO worth Rs 1.60 arba, RBB Merchant Banking Limited has been appointed as the issue manager.

CEO of Nepal Reinsurance Company, Mr Chirayu Bhandari and CEO of RBB Merchant Banking Limited, Dr. Ramesh Kumar Bhandari has signed on the agreement.

After the issuance of the IPO, the paid-up capital of the company will reach Rs 10 arba. Currently, the paid-up capital of the company stands at Rs 8.40 arba.

In the company, Nepal Government holds 43.55%, Life Insurance and other public limited hold 18.05% and Non Life Insurance companies hold 38.39% shares.