Sanima Life Insurance’s IPO opened, How many lots to apply for?

KATHMANDU: AUGUST 4 – Sanima Life Insurance has opened the issuance and sale of primary shares (IPO) to the public from today. The company has issued 6 million shares equal to Rs 600 million, which is 30 per cent of the total issued capital of Rs 2 billion.

Out of this, 5 per cent or 300,000 shares have been secured for the employees and another 5 per cent or 300,000 shares have been secured for the collective investment funds and the remaining 5.4 million shares have been allotted to the public. Applications for the company’s IPO can be submitted as soon as possible by August 8 and if not enough applications are received within that period, applications can be submitted till August 18.

Investors wishing to invest in the company’s IPO can apply for a minimum of 10 lots to 30,000 lots. Interested applicants can also apply through the web and app of C-ASWA member banks and financial institutions and Mero share. Prabhu Capital Limited will act as the issuer and sales manager for the IPO.