Guardian Micro Life Insurance Limited is preparing to launch an Initial Public Offering (IPO) of 22,50,000 ordinary shares, priced at Rs. 100 each, amounting to a total of Rs. 22.5 crore. To manage the underwriting process, the company has partnered with Nepal SBI Merchant Banking Limited.
The formal agreement was signed between Mr. Lekhnath Pokhel, Managing Director and CEO of Nepal SBI Merchant Banking Limited, and Mr. Chirayu Bhandari, CEO of Guardian Micro Life Insurance Limited, marking a key step in the public issuance.
Nepal SBI Merchant Banking Limited, a subsidiary of Nepal SBI Bank Limited, brings a comprehensive suite of services to the table, including investment management, securities issuance, purchase guarantees, beneficiary account management, institutional consulting, and share registrar functions. The company operates under the licensing of the Securities Board of Nepal (SEBON), ensuring a seamless and regulated process for the upcoming IPO.
