Crest Micro Life Insurance Limited Set to Issue Shares to the General Public

Crest Micro Life Insurance Limited is preparing to issue shares to the general public and has received a "[ICRANP-IR] BB" rating from ICRA Nepal Limited, indicating moderate safety in fulfilling financial obligations.

The company has appointed RBB Merchant Banking Limited and RBB Mutual Fund 1 as share assignees for the public issue.

Despite early operational and management challenges, Crest Micro Life Insurance has achieved profitability in a short time by focusing on microinsurance.

The company plans to issue 22,50,000 ordinary shares, valued at Rs. 22.5 crore, as part of its public offering. Established in Poush 2079, Crest Micro Life Insurance aims to provide micro-life insurance services to low-income, middle-class, and marginalized communities.