The six-month lock-in period for 1,12,500 IPO shares allocated to mutual funds ends today, Shrawan 4.
The lock-in period for 1,12,500 units of Guardian Micro Life Insurance Limited shares, allocated to mutual funds during its IPO, ends today, Sunday (Shrawan 4, 2081 B.S.). The company’s share registrar, Himalayan Investment Banker, issued a notice informing that the restriction period on the trading of these shares is now over.
Guardian Micro Life Insurance had issued 22,50,000 ordinary shares through its IPO, which represented 30% of its issued capital of Rs. 75 crore. Out of the total IPO offering, 1,12,500 shares were reserved for mutual funds in accordance with regulatory guidelines.
As per the Securities Board of Nepal (SEBON) regulations, shares allocated to mutual funds through IPOs are subject to a minimum lock-in period of six months. That mandatory period concludes today, allowing these shares to be freely traded in the secondary market.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
