Crest Micro Life Insurance Limited (CMLI) Oversubscribed

March 7 – The Initial Public Offering (IPO) of Crest Micro Life Insurance Limited (CMLI) received an overwhelming response on its first day, being oversubscribed by 3.17 times.

क्रेस्ट माइक्रो लाइफ इन्स्योरेन्स लिमिटेड (CMLI) को आईपीओ पहिलो दिनमै अत्यधिक माग भएको छ। कम्पनीको आईपीओ ३.१७ गुणा बढी आवेदन प्राप्त भएको छ। बिहीबार बेलुका ५:०७ बजे सम्म नै ४ लाख ६५ हजार ४८८ जना आवेदकबाट ५८ लाख ५८ हजार ६१० कित्ता शेयरको लागि आवेदन परेको सीडीएस एण्ड क्लियरिङ लिमिटेड ले जनाएको छ। यस आधारमा, कम्पनीको आईपीओमा ५८ करोड ५८ लाख ६१ हजार रुपैयाँ बराबरको माग भइसकेको छ। सर्वसाधारणका लागि जारी १८ लाख ४५ हजार कित्ता शेयर को लागि आवेदन दिने समय फागुन २६ गतेसम्म खुला रहनेछ। न्यूनतम १० कित्ता र अधिकतम १० हजार कित्ता सम्म आवेदन दिन सकिने यस आईपीओ प्रति लगानीकर्ताहरूको अत्यधिक आकर्षण देखिएको छ।

According to CDS and Clearing Limited, a total of 465,488 applications were submitted for the IPO on the first day, with 5,858,610 shares applied for by investors as of 5:07 PM on Thursday. The total demand for shares has already reached NPR 585.86 million.

The insurance company launched its IPO for the general public from March 6. It has issued 1,845,000 shares, equivalent to NPR 184.5 million. Interested investors can apply for the IPO until March 9.

Investors must apply for a minimum of 10 shares, with a nominal value of NPR 100 per share. The maximum limit for an individual applicant is 10,000 shares.

With the high demand seen on the first day, the IPO is expected to be heavily oversubscribed by the closing date.