Crest Micro Life IPO Allotment: Results Out, Check Your Status
18th March 2025, Kathmandu
Crest Micro Life Insurance Limited has completed its IPO share allotment. NIMB S Capital Limited managed the process. The IPO saw massive public interest, with 1,965,811 applicants applying for 22,739,650 shares.
Crest Micro Life IPO Allotment
Out of these, 1,955,685 applications were valid, while 10,126 were rejected. Valid applicants sought 22,584,770 shares. However, only 1,845,000 shares were available for allotment.
The company allocated 10 shares each to 184,500 applicants through a lottery system. Unfortunately, 1,771,185 applicants received no shares due to oversubscription.
Crest Micro Life Insurance issued 1,845,000 shares at Rs 100 per share, aiming to raise Rs 18.45 crore. The IPO was open to the public from Falgun 22 to Falgun 26.
The company holds a CARE Ratings Nepal rating of “ICRA NP IR BB,” indicating moderate financial security. This rating reflects its ability to meet financial obligations.
Investors can check the final allotment results on NIMB S Capital’s website, the company’s website, or the CDSC portal. They can also visit iporesult.cdsc.com.np or use the Mero Share app for updates.
The IPO’s success highlights strong investor confidence in Crest Micro Life Insurance. The high demand led to oversubscription, leaving many applicants without shares.
Key Details:
Total applicants: 1,965,811
Valid applications: 1,955,685Shares applied for: 22,584,770
Shares allotted: 1,845,000 (10 shares each to 184,500 applicants)
Unsuccessful applicants: 1,771,185
This IPO marks a significant milestone for Crest Micro Life Insurance. It aims to expand its shareholder base and strengthen its financial position. Investors are encouraged to check official platforms for their allotment status.
The overwhelming response reflects the company’s growth potential and investor trust. Crest Micro Life Insurance continues to focus on transparency and inclusivity in its operations.
In summary, the IPO allotment process was fair and transparent. While many applicants received shares, oversubscription left a majority empty-handed. Investors can now verify their status through official channels.
