KATHMANDU, Feb. 12 -- Nepal Micro Insurance Company Limited (NMIC) is going to issue an Initial Public Offering (IPO) starting on February 23.

The company, which has already issued and distributed the IPO for Nepali citizens working abroad, will now offer it to the general public from February 23.

The company had received permission to issue 2.25 million shares worth Rs 225 million rupees, equivalent to 30 percent of its issued capital of Rs 750 million.

Out of this, 225,000 shares worth Rs 225 million, equivalent to 10 percent, were issued to Nepalis employed abroad, while 67,500 shares were allocated to employees and 112,500 shares were distributed to mutual funds.

In the second phase, the company is set to issue 1.845 million shar...