We have information on the Opening Range of Crest Micro Life Insurance.
Opening Range of Crest Micro Life Insurance
Following are the information of the opening range.
About Company
Crest Micro Life Insurance Company Limited is a public limited company, licensed by the Insurance Board in April 2023 and has been operational since then. The company’s head office is located in Surkhet, with its registered office is located in Sanepa, Lalitpur.
As of mid-July 2024, Crest has a paid-up capital of NPR 525 million, with major shareholding from Himalayan Reinsurance Limited (21.43%), Metro Capital Pvt. Ltd. (16.62%), Mr. Kishan Lal Dugar (6.67%), K.R.S Investment Pvt. Ltd. (6.67%), Ms. Sangeeta Devi More (3.97%), and Mr. Anupam Rathi (3.33%) among others. The company plans to float an IPO to the general public in the near future. Crest reported a profit after tax of ~NPR 4.50 million in FY2023 on a total asset base of ~NPR 546 million as of mid-July 2023. In FY2024, the company generated a profit of ~NPR 11 million on a total asset base of ~NPR 611 million as of mid-July 2024.
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Opening Range
The opening Range of the Company depends on the audited book value of the recent fiscal year. So the book value of the Crest Micro Life Insurance is Rs. 100.86 as per the fiscal year 2079/80. So the opening range of the company is Rs. 100.86 to 302.58.
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