Crest Micro Life Insurance IPO Result, IPO Allocation Set for Tuesday; 184,500 Lucky Applicants to Receive 10 Units Each. The initial public offering (IPO) allocation for Crest Micro Life Insurance Limited is scheduled to take place this Tuesday at 8:30 am on 5th Chaitra, 2081. The allocation proceedings will be conducted at the offices of the issue manager, NIMB Ace Capital Limited, located in Lazimpat.
According to the Central Depository and Clearing System (CDSC), by the closing date, 2,050,633 applicants had submitted applications for 24,514,280 units valued at Rs. 2.45 Arba.
From the total offering of 2,250,000 units, specific allocations have already been made: 10% (225,000 units) were allocated to Nepali citizens working overseas, 3% (67,500 units) were reserved for company employees, and 5% (112,500 units) were set aside for mutual funds. The remaining 1,845,000 units were offered to the general public at the par value of Rs. 100 each.
Crest Micro Life Insurance IPO Result How to Check
IPO Allocation Date: Tuesday, 5th Chaitra, 2081 at 8:30 am
Allocation Venue: NIMB Ace Capital Limited, Lazimpat
Total Units Offered: 2,250,000 units
Reserved Allocations:
- 225,000 units (10%) for Nepali citizens working abroad
- 67,500 units (3%) for company employees
- 112,500 units (5%) for mutual funds
Units for General Public: 1,845,000 units
Par Value: Rs. 100 per unit
Application Statistics:
- 2,050,633 total applicants
- 24,514,280 units applied for
- Total value of applications: Rs. 2.45 Arba
Expected Allocation: 184,500 successful applicants
Company Rating: [ICRANP-IR] BB (moderate default risk)
Company Details:
- Licensed by Insurance Board in April 2023
- Head office in Surkhet
- Registered office in Sanepa, Lalitpur
- Paid-up capital of NPR 525 million (as of mid-July 2024)
Major Shareholders:
- Himalayan Reinsurance Limited (21.43%)
- Metro Capital Pvt. Ltd. (16.62%)
- Mr. Kishan Lal Dugar (6.67%)
- K.R.S Investment Pvt. Ltd. (6.67%)
- Ms. Sangeeta Devi More (3.97%)
- Mr. Anupam Rathi (3.33%)
1. CDSC Meroshare Portal
The most convenient method is through the Meroshare platform:
- Log in to your Meroshare account at meroshare.cdsc.com.np
- Navigate to the “My ASBA” section
- Select “Application Report”
- Find your application in the list and check the status
- If allotted, the number of shares will be displayed
2. Nepal Stock Exchange (NEPSE) Website
- Visit the official NEPSE website at nepalstock.com.np
- Look for the “IPO Results” or “Announcements” section
- Find the specific company’s IPO result
- Search for your application using your BOID or application number
3. Issue Manager’s Website
- Visit the website of the issue manager handling the IPO- NIMB ACE CAPITAL LIMITED
- Navigate to their “IPO Results” section
- Select the company whose IPO result you want to check
- Enter your BOID or application number to view your allotment status
4. Mobile Apps
Several Nepal-specific investment apps now offer IPO result checking:
- Download apps like MeroShare App, NepalStock, or your bank’s mobile app
- Log in with your credentials
- Navigate to the IPO results section
- Enter your details to check your allotment status
What You Need to Check IPO Results
Before checking your IPO results, make sure you have:
- Your BOID (Beneficiary Owner ID) number
- The application number from your IPO application
- Your name as registered with CDSC
- Your citizenship number or other identification details
What Happens After Allotment?
If you’ve been allotted shares:
- The shares will automatically appear in your DEMAT account
- You can sell these shares after they are listed on NEPSE (typically after 1-2 weeks)
- If you received fewer shares than you applied for, the remaining amount will be refunded to your bank account
=> Click Here to view/ Check IPO Result
Tips for Future IPO Applications
- Always apply through your bank’s ASBA facility
- Ensure your DEMAT account is active
- Apply early to avoid last-minute technical issues
- Keep your BOID and application numbers handy for checking results
=> Click Here to view/ Check IPO Result