Garima Capital Limited and Star Micro Insurance Company Limited signed an agreement on Ashwin 20, 2081, for managing Star Micro Insurance’s IPO underwriting. Under this deal, Star Micro Insurance will guarantee NPR 22,50,00,000 worth of shares, which is 22 lakh 50 thousand shares in total.
The agreement was signed by Nirmal Bhattarai, CEO of Garima Capital, and Bishwo Ram Timila, CEO of Star Micro Insurance. Star Micro Insurance, which was registered on 14th Poush 2079, has been providing micro non-life insurance services since 1st Bhadra 2080.
Garima Capital, a subsidiary of Garima Bikas Bank, is a licensed merchant banker offering services like Portfolio Management, Depository Participant services, and securities underwriting. The company also plans to introduce several closed and open investment plans over time. All these services can be accessed through Garima Bikas Bank’s branches. The organization is focused on using the latest technology and partnerships to improve its customer service
