Kathmandu. Crest Micro Life Insurance shares are set to be traded in the secondary market from tomorrow, Thursday.
The IPO of Crest Micro Life has been listed on the Nepal Stock Exchange (NEPSE) today. The ordinary shares of any company are traded from the second day of listing on the NEPSE. Therefore, Crest Micro Life shares are set to be traded from tomorrow.
A total of 7.5 million shares of Crest Micro Life have been listed on the NEPSE. Of which 5.25 million units (70 percent) belong to the founder group and 2.25 million units (30 percent) belong to the general public (including Nepalis employed abroad, collective investment funds and employees).
Nepse has given the ‘Crest’ trading signal to Crest Micro Life. For the first transaction, Nepse has set an opening range of Rs 100.86 per unit to a maximum of Rs 302.58 per unit. This means that if the shares of this company are bought and sold within the range set by Nepse in the special pre-open session tomorrow, they will be traded in the regular session.
The company had opened the IPO sale for the general public from Falgun 22 to 26. The IPO allotment took place on Chaitra 5 at the office of the securities sales manager, NIMB S Capital.
