Crest Micro Life Insurance IPO Shares
Crest Micro Life Insurance Limited is going to issue 30% of its issued capital i.e. a total of 22 lakh 50 thousand units IPO shares worth Rs 22 crore 50 lakh to the general public at the face value of Rs 100 per share.
Crest Micro Life Insurance Limited is the first company to issue an IPO among micro-life insurance companies. Crest has appointed NIMB Ace Capital Limited as IPO issuance and sales manager.
The agreement was signed by Chief Executive Officer Pratapman Shrestha on behalf of the issuing company and Chief Executive Officer Shivant Bahadur Pandey on behalf of the issuing and sales manager.
The objective of this company is to provide short-term life insurance services to residents of low-income and backward areas and marginalized communities.
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Crest Micro Life Insurance Limited was established in the form of a public limited company on 10th June 2080 after receiving the approval of the business from the office of the company registrar.
The contribution of the founders in the company is 70% and after the issue of the IPO, the contribution of the general public will be 30%.
FAQ
How many IPO shares is Crest Micro Life Insurance issuing?
Crest Micro Life Insurance Limited is going to issue 30% of its issued capital i.e. a total of 22 lakh 50 thousand units IPO shares worth Rs 22 crore 50 lakh to the general public.
Who is the issue manager of Crest Micro Life Insurance?
The company has appointed NIMB Ace Capital Limited as an IPO issuance and sales manager.
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