Crest Micro Life Insurance IPO Listing NEPSE Today: Share Price, Trading Date, Public Offering
9th April 2025, Kathmandu
The company’s Initial Public Offering (IPO) has been listed today on the Nepal Stock Exchange (NEPSE). This marks the second day after a company’s common shares are listed on NEPSE and are eligible for trading.
Crest Micro Life Insurance IPO Listing
Shares Listed and Allocation
Crest Micro Life has listed 7.5 million shares on NEPSE. Of these, 5.25 million shares (70%) are held by the founding shareholders, while the remaining 2.25 million shares (30%) are allocated to the general public. This allocation includes shares for Nepali workers abroad, collective investment funds, and employees.
The trading symbol for the company’s shares on NEPSE will be “Crest.”
Opening Price Range Set by NEPSE
NEPSE has set an opening price range for Crest Micro Life’s shares. The range is from NPR 100.86 to NPR 302.58 per share. If shares are traded within this range in the special pre-open session tomorrow, they will be allowed to trade in the regular market session.
IPO Subscription Details
The public IPO subscription was open from February 4 to 8, 2025 (Magh 22 to Magh 26, 2080). The share distribution was conducted on March 18, 2025 (Chaitra 5, 2080) at NIMB S Capital’s office, the appointed issue manager. A total of 7.5 million shares were offered, with 30% allocated to the public and 70% to the founding shareholders.
Market Expectations
With the listing now complete, Crest Micro Life’s shares are ready for trading on NEPSE. Investors who subscribed to the IPO can now buy and sell shares within the defined opening range. Market watchers are keen to see how the company performs in the secondary market, especially given the interest in the insurance sector.
Summary of Key Details
Company: Crest Micro Life Insurance
Shares Listed: 7.5 million
Opening Price Range: NPR 100.86 – NPR 302.58
Trading Start Date: April 24, 2025 (Baisakh 11, 2081)
IPO Subscription Dates: February 4-8, 2025 (Magh 22-26, 2080)
Distribution Date: March 18, 2025 (Chaitra 5, 2080)
With this listing, Crest Micro Life Insurance is set to expand its presence in Nepal’s stock market. Investors are eager to see how this new insurance stock will perform in the market.
For more: Crest Micro Life Insurance IPO Listing
