Guardian Micro Life IPO Allotment: 184,500 Investors Receive Shares

Guardian Micro Life Shares
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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

The company launched its IPO to the public from January 5th to 8th, offering a total of 1.845 million shares, valued at NPR 18.45 crore.

The response to the IPO far exceeded expectations, with more than 1.9 million applications submitted, underscoring the immense demand and strong investor interest in Guardian Micro Life Insurance’s offering. This overwhelming response highlights the growing confidence in the company’s prospects and its appeal among investors.

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


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