General Insurance Company Limited has got the approval of the Securities Board of Nepal on 9th September 2020 to issue the initial public offering IPO to the general public. Likewise the company will issue IPO shares worth Rupees thirty crore.
Now the company has seventy crore (RS.700,000,000) paid up capital. After the sales of IPO the paid up capital of the Insurance will raise by thirty crore (300.000,000).
The Issue Manager for the IPO issue for the General Insurance Pvt. Ltd. is NIBL Ace Capital. The share structure will be seventy percent of promoter ownership and thirty percent of general public ownership
About General Insurance Company Limited
General Insurance Company is a non life insurance company established under the insurance law and company law.This insurance company had started its operation on 3rd July 2018. This company is giving insurance services through its 38 counters and 3 third party insurance counters.
The insurance company provides various insurance products to its customers, which include:
- Property Insurance
- Motor Insurance
- Marine insurance
- House Hold insurance
- Travel Medical insurance
- Personal Accident
- Covid Insurance
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