The IME Life Insurance Company Limited Initial Public Offering (IPO) has been added to SEBON’s IPO pipeline for approval.
The company intends to sell 12 million unit shares to the general public for Rs. 276 each (Rs 100 face value + Rs 176 premium price). The company will raise a total of Rs. 3.312 billion through the IPO.
Highlights:
- Citizen Life Insurance Company’s IPO has been added to the SEBON pipeline.
- Sun Nepal Life Insurance Company’s IPO has been added to the SEBON pipeline.
- Asian Hydropower IPO has received Rs. 1.66 billion from 14.92 lakh applicants as of the last day.
- Menchhiyam Hydropower IPO closes today for Nepalese working abroad.
- Shuvam Power’s first public offering allocation will end tomorrow morning; 48,188 lucky applicants will receive 10 units each.