Liberty Micro Life Insurance Appoints NIMB Ace Capital as Issue Manager for IPO of 2.25 Million Shares

Liberty Micro Life Insurance Limited has appointed NIMB Ace Capital Limited as the Issue Manager for issuing 2,250,000 ordinary shares worth NPR 225,000,000, with each share priced at NPR 100. This offering represents 30% of the company's issued capital.

Established to provide micro-life insurance to low-income and marginalized communities, Liberty Micro Life Insurance received its license on August 18, 2023, and began operations on December 22, 2023.

The appointment agreement was signed on August 25, 2024, by Mr. Ram Kumar Yadav, CEO of Liberty Micro Life Insurance, and Mr. Sachindra Dhungana, General Manager of NIMB Ace Capital Limited.