SEBON Adds IPO Proposals of 4 Companies Micro Insurance Sector To Its Pipeline

The IPO proposal of Guardian Micro Life Insurance Limited is in SEBON's pipeline.

The company has submitted a proposal to the capital market regulator to issue a total of 2,250,000 shares. This will raise Rs. 22.50 crores for the company. The application was submitted on Shrawan 24, 2081.

Kumari Capital Limited has been appointed the issue manager for the public offering.

Similarly, The IPO proposal of Crest Micro Life Insurance Limited is in SEBON's pipeline.

The company has submitted a proposal to the capital market regulator to issue a total of 2,250,000 shares. This will raise Rs. 22.50 crores for the company. The application was submitted on Bhadra 20, 2081.

NIMB Ace Capital Limited has been appointed the issue manager for the public offering.

ICRA Nepal has assigned an issuer rating of [ICRANP-IR] BB (pronounced ICRA NP Issuer Rating double B) to Crest Micro Life Insurance Limited (Crest or the company), reflecting a moderate risk of default in the timely servicing of financial obligations. This rating represents an opinion on the company's overall creditworthiness and is not tied to any specific debt instrument.

Crest Micro Life Insurance Company Limited, licensed by the Insurance Board in April 2023, operates with its head office in Surkhet and registered office in Sanepa, Lalitpur. As of mid-July 2024, the company has a paid-up capital of NPR 525 million, with major shareholders including Himalayan Reinsurance Limited (21.43%) and Metro Capital Pvt. Ltd. (16.62%).

Also, The IPO proposal of Nepal Micro Insurance Company Limited is in SEBON's pipeline.

The company has submitted a proposal to the capital market regulator to issue a total of 2,250,000 shares. This will raise Rs. 22.50 crores for the company. The application was submitted on Bhadra 24, 2081.

NIMB Ace Capital Limited has been appointed the issue manager for the public offering.

And, The IPO proposal of Protective Micro Insurance Limited is in SEBON's pipeline.

The company has submitted a proposal to the capital market regulator to issue a total of 2,250,000 shares. This will raise Rs. 22.50 crores for the company. The application was submitted on Ashwin 20, 2081.

NIMB Ace Capital Limited has been appointed the issue manager for the public offering.

ICRA Nepal has assigned an issuer rating of [ICRANP-IR] BB (pronounced ICRA NP Issuer Rating double B) to Protective Micro Insurance Limited (referred to as Protective or the company), reflecting a moderate risk of default concerning the timely servicing of financial obligations. This rating represents an opinion on the general creditworthiness of the entity and is not tied to any specific debt instrument.

Protective Micro Insurance Limited, a public limited company licensed by the Insurance Board, has been operational since April 2023, with its head office located in Dhangadhi, Kailali. As of mid-July 2024, the company has a paid-up capital of NPR 525 million, with major shareholders including Himalayan Reinsurance Limited (21.43%) and Metro Capital Pvt. Ltd. (15.38%). Protective reported a profit after tax of ~NPR 4.29 million in FY2023 with total assets of ~NPR 545 million and ~NPR 2.38 million in FY2024 with assets of ~NPR 594 million.