Chirayu Bhandari, CEO of the company informed of finishing the task related with obtaining approval from Insurance Board and appointment of issue manager while the process of credit rating is in midway.
"The IPO will be issued immediately after obtaining approval from SEBON," said Bhandari. The company has appointed RBB Merchant Banking as its issue manager.
The company has authorized capital of Rs 15 billion, issued capital of Rs 10 billion and paid-up capital of Rs 8.40 billion. After the IPO, the paid-up capital of the company will reach Rs 10 billion.
