Guardian Micro Life Insurance Limited is preparing to issue 22,50,000 unit ordinary shares to the public at Rs. 100 per share, raising a total of Rs. 22.5 crore. Nepal SBI Merchant Banking Limited has been appointed to provide underwriting services for this significant issuance.
The agreement was signed by Mr. Lekhnath Pokhel, Managing Director and CEO of Nepal SBI Merchant Banking Limited, and Mr. Chirayu Bhandari, CEO of Guardian Micro Life Insurance Limited.
Nepal SBI Merchant Banking Limited, a subsidiary of Nepal SBI Bank Limited, offers a range of services including investment management, securities issuance, purchase guarantee services, beneficiary account management, institutional consulting, and share registrar services. The firm is licensed by the Securities Board of Nepal, ensuring compliance and reliability in its operations.
This move marks a significant step for Guardian Micro Life Insurance Limited in expanding its capital base and offering investment opportunities to the public. The issuance is expected to attract considerable interest from investors, given the company’s growth potential and the robust backing of Nepal SBI Merchant Banking Limited.
