Crest Micro Life has two B ratings, and the IPO will issue 2.25 lakh shares.

On August 7th, Icra Nepal, a credit rating agency accredited by the Nepal Securities Board, awarded the company an ICRA Double B (IcraNP-IR) BB rating. A company with this rating, according to Ikra Nepal, is regarded as reasonably safe in terms of fulfilling its financial obligations on schedule.

Furthermore, following the signing of an agreement on August 17, the business designated RVV Merchant Banking and RVV Mutual Fund 1 as share guarantors for the initial public offering (IPO) to be issued to the general public.

Within a short time after its founding, the company was able to turn a profit by controlling a significant share of the microinsurance market, but the operational, managerial, and risk management costs during those early years had an impact on the rating. According to the organization, a controlled claim payment process, quality investments, and corporate expansion with business diversification in the near future would all positively affect the rating.

The company is ready to issue 22 lakh fifty thousand initial public offerings (IPO) shares at a face value of Rs. 100 each, or thirty percent of its Rs. 75 crore issued capital.

The company has been running a microinsurance business with the intention of giving low-income, middle-class, and underprivileged community members access to microlife insurance services. There are now 23 branches and sub-branch offices used by the organization to deliver services.