Himalayan Re Insurance IPO Result Check. Check IPO Result of Himalayan Re Insurance Company. The primary shares of Himalayan Re Insurance Limited will be allotted today. The primary shares of Himalayan Re Insurance Limited will be distributed on Wednesday. According to sales manager NMB Capital, the shares will be distributed at 10 am. The company’s shares will be at Taj Reception Suvarna Shamsher Marg Baluwatar, Capital said.
The company issued shares from last December 27. The company had received permission to issue 30 million shares worth 3 billion rupees, which would be 30 percent of the issued capital of 10 billion rupees. The company issued 6.18 billion rupees worth of shares at a rate of 206 rupees per share by adding a premium of 106 rupees to the nominal value of 100 rupees per share.
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Among them, 2 percent i.e. 6 lakh shares have been reserved for the employees working in the company, while 3 lakh shares have been issued and distributed to the Nepalese who are employed abroad. Similarly, the company has also allotted 1.5 million equity shares for collective investment funds.
Thereafter, in the second phase, the remaining 24.9 million shares were floated to the general public. The same shares are going to be distributed on Wednesday. In which 16 lakh 61 thousand two hundred 42 people have applied.
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