General Insurance to issue IPO from September 27

Sep 18, 2020 10:22 AM Merolagani

General Insurance is set to issue IPO from September 27. The company will issue 3 million units of primary shares worth Rs 300 million to the general public.

Out of the total offered shares, the company has allocated 120,000 units to employees and 150,000 to mutual funds.

The general public can apply for the remaining 2,730,000 units of shares.

The interested investors can apply for a minimum of 10 and maximum of 10,000 units of shares till September 30. The company has appointed NIBL Ace Capital as its issue manager. The interested investors can apply from all ASBA approved BFIs and through meroshare software.

Currently, the company has a paid-up capital of Rs 700 million that will reach Rs 1 billion after the IPO.

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