General Insurance Company appoints NIBL Ace Capital as issue manager

General Insurance Company is issuing 30 lakh units of Initial Public Offering (IPO) to the general public and has appointed NIBL Ace Capital as the issue manager of the issuance. The agreement deal was signed by General Manager S. K. Tamot on the behalf of General Insurance Company and Deputy CEO Mekh Bahadur Thapa on behalf of NIBL Ace Capital.

General Insurance Company’s current paid-up capital stands at Rs 70 crores which after the IPO will reach Rs 100 crores. The company had started operations from February 7, 2018 and its head office is located at Hattisar, Kathmandu with 37 branch offices and 10 third-party insurance counters.