KATHMANDU: The IPO allotment of Crest Micro Life Insurance Limited is concluded today.  The IPO was allotted at the office of NIMB Ace Capital, the company’s share issuance and sales manager.

Since the applications exceeded the demand, the company’s IPO has been allotted through a lottery process. A total of 184,500 applicants have received the company’s IPO at the rate of 10 units. A total of 1965,811 people had applied for the purchase of 22,239,650 units of shares in the company’s IPO.

Out of which 10,126 applications have been canceled, while the remaining 1955,685 applications have been approved. The company had issued 184,450 units of shares at a face value of Rs 100 per unit to general investors from Falgun 22 to 26.