Crest Micro Life Insurance has completed the distribution of its Initial Public Offering (IPO).
The IPO was distributed on Tuesday through a formal event organized by NIMB S Capital’s sales manager. A total of 1.845 million shares were available for the general public.
During the allotment, 184,500 applicants received 10 shares each. The IPO results can be checked online at iporesult.cdsc.com.np.
Of 1,955,685 applications, only 184,500 were successful, meaning 1,771,185 applicants did not receive any shares.
The company has received a “BB” rating from ICRA Nepal. As of the last financial year, its net worth per share was Rs. 103.27, earnings per share stood at Rs. 2.41, and its retained profit was Rs. 8.85 million.
