19th January 2025, Kathmandu
Guardian Micro Life Insurance’s IPO allotment took place on 19th January. The shares were allocated after the pre-allotment process, as confirmed by the sales manager, Kumari Capital.
Guardian Micro Life IPO Shares
Oversubscription Leads to Lottery System
A total of 1,830,875 applications were submitted for the IPO. Out of these, 8,452 applications were disqualified. Since demand exceeded supply, 1,822,405 eligible applicants were entered into the lottery system.
As a result, 184,500 investors received shares at a rate of 10 shares per applicant. Unfortunately, the remaining applicants did not receive any shares.
IPO Details and Demand
Approved Share Distribution
The Nepal Securities Board approved the release of 2.25 million shares, amounting to NPR 22.5 crore. The shares were distributed as follows: 225,000 shares for Nepali workers abroad, 112,500 shares for collective investment schemes, and 67,500 shares for company employees. The remaining 1.845 million shares were allotted to the general public.
Investor Enthusiasm Signals Growth
The success of Guardian Micro Life Insurance’s IPO is a clear indicator of the strong investor confidence in the company and its prospects. With the allotment now complete, the company is well-positioned to make a significant impact in the market.
This achievement signals not only its growth potential but also its ongoing commitment to stability and delivering value to its investors. As the company moves forward, its robust market entry is expected to play a key role in shaping its success in the competitive insurance sector.
For more: Guardian Micro Life IPO Shares
