Trust Micro Insurance to Issue IPO for the General Public

Trust Micro Insurance is preparing to issue an Initial Public Offering (IPO) for the general public. The company plans to offer a total of 22 lakh 50 thousand shares, which are worth rupees 22 crore 50 lakh. This amount represents 30% of the company’s total paid-up capital. Each share will be issued at a price of 100 rupees.

To manage the sale of these shares, Trust Micro Insurance has appointed NIMB Ace Capital as the official sales manager. This insurance company received its license for non-life microinsurance on 2080 Kartik 12. Since then, it has been actively engaged in providing micro non-life insurance services. The company operates as a recognized non-life insurance provider and continues to expand its services in the sector.