Sanima Life is to bring an IPO of Rs 600 million from August 4

KATHMANDU: JULY 27 – Sanima Life Insurance is going to issue primary shares (IPO). The company has stated that it will open 6 million IPOs worth Rs 600 million from August 4.

Out of 6 million shares at the face value of Rs 100, 3 lakh shares (5 per cent) will be given to employees, 3 lakh shares (5 per cent) to collective investment funds and 5.4 million shares to the general public.

Applications for the company’s IPO can be submitted as early as 8 August and as late as 18 August. General investors can apply for 10 lots to 30,000 lots.

Prabhu Capital Limited has been appointed as the issuer and sales manager for the IPO of the company.

One can apply for the company’s IPO through C-ASBA member banks and financial institutions and My Share’s website and My Share’s mobile app.

Currently, the company’s paid-up capital is Rs 1.40 billion. After the issuance of 30 per cent primary shares, the company’s paid-up capital will reach Rs 2 billion.