Abroad Employed Nepalis Flock to Himalayan Reinsurance IPO, Exceeding 34 Thousand Applicants

Himalayan Reinsurance has successfully completed the initial public offering (IPO) issuance, marking a crucial step in its financial journey. The company allocated 10% of the total public offering exclusively to Nepalese citizens working abroad under foreign employment, and this portion has witnessed an overwhelming response.

A total of 30,00,000 units of shares were made available for subscription under the Reserved foreign employment quota at a premium value. Remarkably, the company received applications for 45,84,810 units of shares from a total of 34,211 applicants. This impressive oversubscription sets a new record, surpassing the previous highest application count of 16,90,000 units from 30,348 applicants.

The strong show of trust and confidence by the public has left Himalayan Reinsurance thrilled and appreciative. The company is now more determined than ever to elevate itself to greater heights, fueled by the support and enthusiasm shown by investors. Himalayan Reinsurance expresses gratitude to all contributors and looks forward to a promising future as it continues its journey in the financial market.