ICRA Nepal has assigned Grade 2 rating to the proposed IPO indicating above average fundamentals. The 4th AGM of the company held on June 14 endorsed the IPO proposal. For this regard, the company has appointed RBB Merchant Banking as its issue manager.
Nepal Reinsurance 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 will reach Rs 10 billion.
