Nepal Micro Insurance Company Limited has officially opened its Initial Public Offering (IPO) for the general public from February 23 to February 27, 2025. This means that anyone, including Nepalese living in Nepal and abroad (if you had already not applied for the foreign employment quota), can now apply for this IPO.
A Second Chance for Nepalese Abroad
Earlier, 10% of the IPO shares were allocated for Nepalese working abroad under the Foreign Employment Quota, but due to high demand, many applicants did not receive an allotment. If you are among those who missed applying when it was opened for foreign employment quota, you can now apply under the general public category.
IPO Details:
- Company Name: Nepal Micro Insurance Company Limited
- Scrip: NMICL
- Total Shares for General Public: Available under Ordinary Shares
- Share Price Per Unit: NPR 100
- Minimum Units to Apply: 10
- Maximum Units to Apply: 100,000
- IPO Open Date: February 23, 2025 (10:00 AM)
- IPO Close Date: February 27, 2025 (5:00 PM) or earlier if fully subscribed
How to Apply?
For Nepalese residing in the UAE, Qatar, Saudi Arabia, Malaysia, or any other foreign country, applying for this IPO is easy:
- Login to MeroShare with your credentials.
- Select Nepal Micro Insurance Company Limited IPO and enter your BOID number.
- Apply for a minimum of 10 shares (or more as per preference).
- Ensure your linked bank account in Nepal is active for payment processing.
- Complete your application before the closing date to secure your allotment.
Why Invest in Nepal Micro Insurance?
- Growing Insurance Market: With increasing demand for insurance services in Nepal, the sector has high growth potential.
- Secure Investment: Insurance companies have historically provided good returns to shareholders.
- Second Chance for Foreign Employment Workers: If you missed out in the first phase, this is your best opportunity.
📢 Apply now and don’t miss this second chance to invest in Nepal’s thriving insurance sector! Stay tuned with Nepalese in UAE for more investment updates.
For further details, visit your MeroShare account or contact authorized banks handling IPO applications.