Himalayan Reinsurance IPO result date is fixed for 27 December 2023. Himalayan Reinsurance Limited (HRL) will announce the IPO Result at 10:00 AM in Taj Reception Suvarna Shamsher Marg Baluwatar.
The company issued the IPO to the general public from Mansir 27 to Paush 2, 2080. NMB Capital Limited is the issue manager. According to the issue manager, a total of 16,61,247 applicants have applied for a total of 3,22,36,170 units. Thus, the issue is oversubscribed by 1.29 times for this IPO.
According to the pre-allotment IPO result, a total of 6,00,000 units have been allocated for the employees of the company, and a total of 15,00,000 units allocated for the mutual funds. The remaining 2,49,00,000 units were allocated for the general public.
Himalayan Reinsurance Limited (HRL)
Himalayan Reinsurance Limited (HRL) is the first private sector reinsurance company established in the Republic of Nepal. The company would offer Reinsurance support to Life and General Insurance Companies in Nepal and overseas.
Capital Structure
| Authorized Capital | NPR 21 Billions (USD 175 Millions approx) |
| Issued Capital | NPR 10 Billions (USD 85 Millions approx) |
| Paid up Capital | NPR 7 Billions (USD 60 Millions approx) |
Ownership
- Promoters’ share of the Paid-up Capital is 70% – that is, NPR 7 Billions (USD 60 Millions approx)
- NPR 3 Billions (USD 25 Millions approx) shall be Public Share through an IPO to be issued within next 2 years as per the existing rules and regulations in Nepal
Promoters
- Promoters of Himalayan Re include leading business houses of Nepal, along with leading financial institutions of the country. Prominent Promoters include;
| Golchha Group | Murarka Group | Ramesh Corp |
| Shanker Group | Infinity Holdings | Lucky Group |
| Himalayan Infrastructure Fund Ltd. | Shiv Shakti Group | Shalimar Investment |
| Saffron CK Investments | Vaishnav Enterprises | M S Corp |
| K L Dugar Group | M V Dugar Group | R H Group |
| IME Group | Prem Gurung and Group | Balaji Marbles |
| Allied Continental | Ashlesha Enterprises |
Apart from these business houses, the Promoters include 2 of the topmost commercial banks of Nepal, which are primarily owned by the Govt of Nepal. All of the above listed corporate houses occupy a place of pride on the economic map of Nepal, having their business activities spread to all sectors
- Nepal Bank Limited
- Rastriya Banijya Bank Limited
How to check IPO Result from CDSC Mero Share ?
Are you looking for how to check IPO result from CDSC Mero Share ? If Yes, you can find all possible channel of IPO Result check. Applicants can check IPO Result from NMB Capital IPO Result Page, Mero Share page and CDSC IPO Result page. you can check it on Himalayan Reinsurance IPO Result Date.
