Sanima Life Insurance is going to issue IPO to the public from 4th August 2021 (20th Shrawan 2078). The company is about to issue 6 million IPOs worth Rs 600 million. Sanima Life Insurance Limited has secured 5 percent of the total 6 million shares to be issued, i.e. 300,000 shares to employees and another 5 percent to Mutual Investment Funds.
The general public will be able to apply for the remaining 5.4 million shares. Sanima Life Insurance is going to issue 30 percent of its total issued capital.
Applications for the IPO can be submitted as early as 8th August (24th Shrawan) and as late as 18th August (Bhadra 2). Investors will be able to apply for a minimum of 10 units to 30,000 units.
The IPO issuance and sales manager is Prabhu Capital Limited. Interested applicants can apply through C-ASWA member banks and financial institutions and through the MeroShare website and app.
CARE RATING NEPAL has given Sanima Life Insurance a Care NP Triple-B Issuer rating in the credit rating for IPO issuance. This indicates that it is moderately safe to meet financial obligations on time.
At present, the paid-up capital of Sanima Life Insurance is Rs 1.40 billion. After the IPO allotment, the paid-up capital of the insurance company will reach Rs 2 billion.