We have information on the Opening Range of Nepal Micro Insurance Company. It is one of the micro insurance company in Nepal.
Opening Range of Nepal Micro Insurance Company
Following are the information on the Opening Range of Nepal Micro Insurance Company.
About Company
Nepal Micro Insurance Company Limited (NMIC) is a public limited company, incorporated on December 23, 2022 and operated as Micro Non-Life Insurance Company after obtaining license on April 10, 2023 under the Insurance Act 2079. The Company has commenced its business from May 14, 2023. The registered office of the company is located at Bharatpur-1, Chitwan, Nepal and its provincial office Gairidhara, Kathmandu, Nepal. NMIC has been offering various Micro non-life insurance products & services such as motor, property, burglary micro and personal/group accident insurance as on July 16, 2024.
Opening Range
The opening range of any company depend upon the book value of the recent audited book value. As per the recent financial statement, the book value of the Nepal Micro Insurance Company is Rs. 100.8. Hence, the Opening Range of Nepal Micro Insurance Company is Rs. 100.8 to Rs. 302.4.
Read More: Opening Range of Guardian Micro Life Insurance Company.
About IPO of Nepal Micro Insurance Company
Following are the information of the Nepal Micro Insurance Company:
| Particulars | Information |
|---|---|
| Name of the company | Nepal Micro Insurance Company Ltd. |
| Sector | Micro Insurance |
| Total Registered Share | 7,500,000 Units |
| Face Value | Rs. 100 |
| Paid up Capital after IPO | Rs. 750,000,000 |
| IPO issue Share | 2,250,000 Units |
| Amount of Issuance | Rs. 225,000,000 |
| Percentage of Issuance | 30% |
| Issuage Manager | NIMB Ace Capital Ltd. |
| Date of approval | 2081/09/25 |
| ICRA Rating | CARE-NP BB- (Is) [Double B Minus (Issuer Rating)] |
Hence, these are the information on the Opening Range of Nepal Micro Insurance Company.
Frequently Asked Questions
a. ICRA Rating of Nepal Micro Insurance Company?
= BB- is the ICRA Rating of Nepal Micro Insurance Company.
b. Issue Manager of Nepal Micro Insurance Company for IPO?
= NIMB Ace Capital Ltd is the issue manager of Nepal Micro Insurance Company for IPO.
c. Paid up capital of Nepal Micro Insurance Company after IPO?
= Rs. 75.00 crore will be the paid up capital of Nepal Micro Insurance Company after IPO.
d. Date of IPO appproval of Nepal Micro Insurance Company?
= The ipo of Nepal Micro Insurance Company was apporved on 2081/09/25.
e. IPO issuance date of Nepal Micro Insurance Company?
= The issurance date of Nepal Micro Insurance Company will be finalized by issue manager.
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