Trust Micro Insurance IPO Nepal: 22.5 Million NPR, 22,50,000 Shares, NIMB Capital Management
17th February 2025, Kathmandu
Trust Micro Insurance has appointed NIMB Ace Capital as the sales manager for its upcoming IPO. The appointment was finalized on Sunday, 4th Falgun 2080 (16 February 2024).
Trust Micro Insurance IPO Nepal
Ujjwal Dhungana, CEO of Trust Micro Insurance, and Sachindra Dhungana, General Manager at NIMB Ace Capital, signed the agreement. This partnership marks a significant step towards the company’s IPO launch.
IPO Details
Trust Micro Insurance will issue 22,50,000 ordinary shares with a face value of NPR 100 each. This will total NPR 22.5 million, representing 30% of the company’s issued capital. The shares will be made available to the public, offering a chance for investors to participate in the company’s growth.
Company Background
Trust Micro Insurance was established to provide affordable insurance services to low-income and marginalized communities. The company received a license for life micro-insurance on 12th Kartik 2080 (29 October 2023). Since 1st Chaitra 2080 (14 March 2024), it has been operating as a life micro-insurance provider, focusing on underserved communities.
NIMB Ace Capital’s Role
NIMB Ace Capital will handle the IPO process. Their expertise ensures a smooth and efficient distribution of shares. This partnership aims to attract a wide range of investors. It will help strengthen the company’s financial position and increase its visibility.
Financial Inclusion Focus
Trust Micro Insurance focuses on providing financial services to communities that have traditionally been excluded from insurance coverage. Their primary goal is to protect vulnerable groups from financial risks.
The company aims to make insurance more accessible to underserved populations. The proceeds from the IPO will support the expansion of their services. This will allow them to reach a broader audience and strengthen their impact in these communities.
Looking Ahead
Through the IPO, Trust Micro Insurance plans to grow its market presence and continue its mission to serve marginalized communities. The company hopes to use the raised capital to improve its offerings and provide more accessible insurance solutions.
For more: Trust Micro Insurance IPO Nepal
