NIMB Ace Capital Appointed as Issue Manager for Nepal Micro Insurance Company’s Public Share Offering

NIMB Ace Capital Limited has been appointed as the Issue Manager for the upcoming issuance of 2,250,000 ordinary shares of Nepal Micro Insurance Company Limited (NMIC) at a face value of NPR 100 each, upon SEBON approval.

The agreement between NIMB Ace Capital and NMIC was signed by Mrigendranath Rimal, CEO of NMIC, and Sachindra Dhungana, General Manager of NIMB Ace Capital.

NMIC, a non-life insurance provider, aims to offer micro-insurance services to low-income, underserved, and marginalized communities.

The company has been licensed for non-life insurance since 27th Chaitra, 2079 (Nepali calendar) and has been actively addressing the insurance needs of these communities since 26th Baisakh 2080.