Crest Micro Life’s IPO Allotment Date Announced: If you’ve applied for Crest Micro Life Insurance’s IPO, the wait is almost over! The company has officially set Chaitra 5 (Tuesday) as the date for IPO allotment. The shares will be distributed at NIMB S Capital, the share issuance and sales manager, at 8:30 AM.
Massive Investor Interest in Crest Micro Life’s IPO
Crest Micro Life’s IPO has seen a huge response from investors. By the last day of application, 20,48,538 applicants had applied for a total of 2,44,92,170 units of shares. The IPO was open for subscription from Falgun 22, with the first phase targeting Nepalese working abroad and the second phase allocated for general investors.
IPO Allotment Through Lottery – Are You One of the Lucky Ones?
Since the number of applications is much higher than the available shares, the allotment will be conducted through a lottery system. Only 1,84,500 lucky investors will receive 10 shares each. If you’ve applied, keep your fingers crossed!
Breakdown of IPO Share Distribution
Crest Micro Life Insurance had obtained approval to issue a total of 22.5 million shares worth Rs. 225 million, representing 30% of its total capital of Rs. 750 million. The share distribution is as follows:
✅ 225,000 shares (10%) were reserved for Nepalese working abroad.
✅ 67,500 shares were allocated to company employees.
✅ 112,500 shares were given to mutual funds.
✅ 18.45 million shares (Rs. 184.5 million) are now being distributed to the general public.
How to Check IPO Results?
The IPO allotment results will be available on the following platforms:
🔹 NIMB S Capital’s website
🔹 CDSC’s Mero Share portal
🔹 Mero Share App
What’s Next After Allotment?
If you’re among the lucky ones to get shares, they will be credited to your Demat account shortly after the allotment. If you don’t get any, the refund process will start soon, and you can check your bank account or Mero Share balance for updates.
Final Thoughts
Crest Micro Life’s IPO has drawn massive attention from investors, and the allotment day will be an exciting one for many. Make sure to check the results on Chaitra 5, and best of luck to all applicants!
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