IME Life Insurance Company Opening 12,00,000 Units IPO Shares to Nepalese Citizens Working Abroad From Today
IME Life Insurance Company Limited is opening an Initial Public Offering (IPO) of 12,00,000 unit shares to Nepalese citizens working abroad from today, Ashad 1, 2080 BS. The IPO will close on Ashad 15, 2080 BS. Interested investors could apply for a minimum of 10 shares and a maximum of 10,000 shares at a price of Rs. 236.91 per share. The face value of each share is Rs 100 while Rs 136.91 is the premium.
The IPO is being managed by Civil Capital Market Limited. Investors can apply for the IPO through Mero Share, the online trading platform of Nepal Stock Exchange (NEPSE).
The following are the eligibility criteria for the IPO:
- The applicant must be a Nepalese citizen.
- The applicant must be working abroad.
- The applicant must have a valid passport.
- The applicant must have a bank account in Nepal.
The IPO is a good opportunity for Nepalese citizens working abroad to invest in a Nepali company. IME Life Insurance is a well-established company with a good track record. The IPO is expected to be oversubscribed, so investors should apply early.
Here are the steps on how to apply for the IPO:
- Open a Mero Share account.
- Deposit the required amount in your Mero Share account.
- Log in to Mero Share and click on the “IPO” tab.
- Select the IME Life Insurance IPO from the list of available IPOs.
- Enter the number of shares you want to apply for.
- Submit your application.
You will receive a confirmation message once your application has been submitted. The IPO results will be announced on Ashad 18, 2080 BS.