Nepal Insurance to auction unsold right shares on September 12

Sep 05, 2025 08:11 AM Merolagani



Nepal Insurance Company (NICL) is set to auction unsold right shares on September 12.

The company issued 10:3.4783 right shares to its existing shareholders from July 22-August 18. The company is auctioning 192,574 units unsold promoter shares and 4,468.76 units ordinary shares that went unsold during issuance.

Interested bidders can bid for a minimum of 1,000 for promoter shares and a minimum of 100 shares for ordinary shares. They can bid maximum of all units divisible by 10. The minimum bidding price is Rs 100. The auction will close on September 21.

The company has appointed NIMB Ace Capital as issue manager. The bidders can bid from the head office of NIMB Ace Capital, Lazimpat, Chipledhunga (Pokhara), Traffic Chowk (Butwal), Aadarshanagar (Birgunj) and Golchha Chowk (Biratnagar).




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