Guardian Micro Life Insurance Allots IPO

Jan 19, 2025 09:52 AM Merolagani



Guardian Micro Life Insurance has allotted recently issued initial public offering on January 19 in the premises of its issue manager, Kumari Capital at Nagpokhari, Kathmandu.

The company issued 1,845,000 units of ordinary shares from January 5-8.

In the issue, a total of 1,830,857 applicants have applied for 23,202,540 units of shares. The issue was over subscribed by 12.58 times.

Out of total applications, 8,452 applications were cancelled while 1,822,405 applications were approved.

Given that, the issue is oversubscribed, the allotment took place through lottery as per Securities issuance and Allotment Guideline under which  185,500 applicants were provided 10 units of shares.




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