Garima Capital Limited and Star Micro Insurance Company Complete IPO Underwriting Agreement

Garima Capital Limited and Star Micro Insurance Company Limited completed their agreement on Ashwin 20, 2081, for IPO underwriting management. Under this agreement, Star Micro Insurance will guarantee a total amount of NPR 22,50,00,000, covering 100% of the shares, amounting to 22 lakh 50 thousand.

The contract was signed on Ashwin 20th by Nirmal Bhattarai, Chief Executive Officer of Garima Capital, and Bishwo Ram Timila, Chief Executive Officer of Star Micro Insurance. Star Micro Insurance, registered on 14th Poush 2079, has been operating in the micro non-life insurance sector since 1st Bhadra 2080.

Garima Capital, a subsidiary of Garima Bikas Bank and a licensed merchant banker, provides various investment management services, including Portfolio Management Services (PMS), Depository Participant services, and securities underwriting.

The organization plans to register and operate several closed and open plans gradually. All services are accessible through Garima Bikas Bank's branch offices, and the company is committed to enhancing its offerings using the latest technologies and partnerships for improved customer service.