Guardian Micro Life Insurance IPO Announcement

Guardian Micro Life Insurance Limited, Nepal’s pioneering micro-life insurance company, is set to launch its Initial Public Offering (IPO) soon. The company will issue 2,250,000 units of ordinary shares, priced at Rs. 100 per share, raising a total of Rs. 22.5 crore. This offering aims to broaden its shareholder base and provide an opportunity for the public to invest in the company.

The company has partnered with Kumari Capital Limited as its issue manager, ensuring a smooth process. Known for its innovative digital-first approach, Guardian Micro Life Insurance has already established a strong presence, serving over 14,000 policyholders and working with 500 agents across the country. It focuses on offering life micro-insurance policies to marginalized communities