Upon approval, the company will issue 6 million units of primary shares worth Rs 600 million to the general public.
The company has appointed Civil Capital as its issue manager. Care Rating Nepal has assigned Care NP IPO Grade 4 rating to the IPO indicating below average fundamentals.
Currently, IME Life has a paid-up capital of Rs 1.40 billion. After the IPO, the paid-up capital will reach Rs 2 billion.
