Himalayan Reinsurance Opening IPO Shares For General Public From 27th of Mangsir

Himalayan Reinsurance Limited is going to issue its Initial Public Offering (IPO) to the general public from the 27 Mangsir to Poush 1. 

The company is issuing  issuing 2,49,00,000 shares to general public at a face value of Rs. 100 per share, with an added premium of Rs. 106 per share, making the total issuance price Rs. 206 per share.

The company has a total issued capital of Rs. 10 Arba, of which 30% or 30,000,000 shares will be made available to the public (including Nepalese citizens working abroad and the general public). Within this offering, 10% (3,000,000 shares) is specifically reserved for Nepalese citizens employed abroad. Additionally, 2% of the total offered shares (600,000 units) are allocated for the company's employees, and 5% (1,500,000 units) are set aside for mutual funds. The remaining 24,900,000 units will be open for subscription by the general public, starting from the 27th of Mangsir.

The role of the issue manager has been assigned to NMB Capital Limited. Interested individuals can apply for a minimum of 10 units and a maximum of 300,000 units.