Nepal Insurance had issued rights shares in a 10:3.47 ratio from Shrawan 6 to Bhadra 2. The shares that remained unsubscribed during this period are now being offered through a competitive bidding process.
The company’s paid-up capital stands at रु 1 arba 89 crore 8 lakh 78 thousand. Out of this, 34.78 percent, or 65,76,967 units of rights shares, were issued at a par value of Rs. 100. However, 4,468 units under the promoter category and 1,92,574 units under the public category remained unsubscribed.
Investors are allowed to submit bids at or above the par value. The minimum application requirement is 1,000 units for promoter shares and 100 units for public shares. The final deadline for submitting bids has been fixed for Ashoj 5.
NIMB Ace Capital is the issue manager for the auction. Applications can be submitted at its central office in Lajimpat, Kathmandu, as well as branch offices located in Chiple Dhunga (Pokhara), Traffic Chowk (Butwal), Adarshanagar (Birgunj), and Golchha Chowk (Biratnagar).
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
