Himalayan Reinsurance Limited has issued initial public offerings (IPO) for the general public from today.
According to the company, a total of 24,900,000 units of shares worth Rs 206 per share (including Rs 106 premium over Rs 100 par value) have been issued.
The company has already allotted IPOs for the Nepali migrant workers. Similarly, it has reserved 600,000 shares for the employees of the company while 1,500,000 shares have been allocated for the mutual fund scheme.
An applicant can subscribe for a minimum 10 units of shares to maximum 300,000 units of shares by December 17. If it is under-subscribed until that period, the deadline will be extended till December 27, according to company.
The company has an authorized capital of Rs 10 billion. Its paid-up capital will reach Rs 10 billion after selling 30 percent of its shares.
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