IME Life Insurance Company Limited plans to issue 60,00,000 units of shares
IME Life Insurance Company Limited plans to raise Rs. 60 crores through an initial public offering (IPO). On Jestha 31, 2078, the company applied to the Securities Board (SEBON) for IPO issuance. When SEBON approves, the company will issue 6,000,000 unit shares in the IPO.
The IME Life Insurance IPO is worth Rs. 60 crores at face value of Rs 100. Civil Capital Market Limited is the IPO’s issue manager.
IME Life Insurance Company Information
The IME Life Insurance Company was established on Ashwin 15, 2065. (October 1, 2008). It began operations on Bhadra 1, 2074. (August 17, 2017). The authorized capital of the company is Rs 3 Arba. Rs 1.40 Arba is the paid-up capital. The company will sell a 30% stake to the general public for Rs 60 crores. As a result, following the IPO, the promoters will own 70% of the company.
IME Life Insurance Company is a Nepalese insurance company that provides various life insurance products and services. The company was founded in 2008 as a collaboration between the IME Group, a leading Nepalese conglomerate, and the Pacific Century Group, a global investment firm.
IME Life Insurance Company operates in Nepal via a network of branches and agents, offering various life insurance products such as term life insurance, whole life insurance, endowment plans, and group insurance. In addition, the company provides a variety of health insurance products, including individual and group health insurance plans.
IME Life Insurance Company is dedicated to providing high-quality insurance products and services, as well as expert advice and support to its clients. The company places a high value on customer service and is committed to assisting its clients in protecting their families and businesses through insurance products and services.
Suggested readings: