Kathmandu. United Ajod Insurance Limited is issuing and selling right shares from today (April 26). The company is issuing 10% right shares of its current paid-up capital.

The company is issuing 10 units of right shares in exchange for its existing 100 units. The company will issue 23,10,000 units of right shares at a face value of Rs 100 per share.

The company had closed the book on March 3 for the purpose of issuing right shares. Accordingly, the shareholders who have been traded in NEPSE till February 26 can apply for the right shares. Applications for the right shares of the insurance company can be submitted till April 1, 2083.

Laxmi Sunrise Capital Limited has been appointed as the issue manager for the IPO issuance. The interested bidders can apply for the shares from the respective banks and financial institutions with permission from Laxmi Sunrise Bank’s designated branches and Securities Board of Nepal (SEBON).