Mutual fund-allotted shares to be tradable in secondary market from Bhadra 22.
The lock-in period on 1,12,500 shares of Nepal Micro Insurance Company Limited, allotted to mutual funds during its IPO, is set to expire on Bhadra 22.
During its IPO issuance of 22.5 lakh shares, the company had allocated 1.12 lakh shares to mutual funds as per regulatory provisions. According to existing rules, shares allotted to institutional investors such as mutual funds are subject to a mandatory 6-month lock-in from the date of IPO allotment to the public.
With the lock-in period now coming to an end, these shares will become eligible for trading on the secondary market from Bhadra 22, adding potential liquidity to the stock.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
