Guardian Micro Life Obtains SEBON Approval to issue IPO

Nov 25, 2024 01:58 PM Merolagani



Guardian Micro Life Insurance Company has obtained approval from the Securities Board of Nepal (SEBON) to issue an initial public offering.

SEBON approved the IPO on November 22.

Following the approval, the company will issue 30 percent ordinary shares of its issued capital to the general public. The company will issue 2,250,000 units of shares amounting to Rs 225 million.

In this regard, the company has appointed Kumari Capital as issue manager.




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