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In this article, you will learn about the Opening Range of Himalayan Reinsurance Limited for trading in NEPSE. It is a resonance company for life insurance and non-life insurance company in Nepal and overseas.
Opening Range of Himalayan Reinsurance Limited
About Company
Himalayan Reinsurance Ltd is the first private-sector reinsurance company in Nepal. The company is the second reinsurance company in Nepal. Similarly, the company was granted its operational license in 2021.
The company will issue 30,000,000-unit shares for the general public. It is for individual investors, Nepalese living in foreign lands, mutual funds, and company employees.
Opening Range
The opening range of the company depends on the audited book Value of the company. As per the FY 2078/79, the company’s book value is 103.07. So, the opening range of the company is Rs. 103.07 to Rs. 309.21.
NMB Capital is the issue manager for the IPO to the General people. The general public will issue the shares for Rs. 206 per share (Rs 100 face value + Rs 106 premium price).
The ICRA Nepal has given an A- rating for issuing IPO to the general people.
Hence, this is the information on the opening range.
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