Trust Micro Insurance appoints NIMB Ace Capital as its issue manager
Insurance company plans to float 2.25 million ordinary shares
Feb. 17, 2025, 11:02 a.m.
KATHMANDU, FEBRUARY 17: Trust Micro Insurance has appointed NIMB Ace Capital as the issue and sales manager for its upcoming IPO. The agreement was signed yesterday by Ujjwal Dhungana, CEO of Trust Micro Insurance, and Sachindra Dhungana, General Manager of NIMB Ace Capital, on behalf of their respective companies.
The company plans to issue 2.25 million ordinary shares, representing 30% of its issued capital, totalling Rs 225 million.
Trust Micro Insurance aims to provide microinsurance services to low-income individuals, residents of underdeveloped areas, and marginalized communities. The company received its non-life microinsurance license last November 29 and has been operating as a non-life microinsurance provider since March 14, 2024.
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