IPO Alert: Sanima Life Insurance Company Limited

IPO Alert: Sanima Life Insurance Company Limited

Sanima Life Insurance Company Limited is going to issue 60,00,000 ( 60 Lakhs ) units of share for 100 Rs. Per-share worth Rs.60,00,00,000 (60 Crore) as an initial public offering (IPO) to the general public. Details of IPO are as follows: Company Name: Sanima Life Insurance Company Ltd Issue Units: No of Issue Units: 60,00,000 units
  • Units offered to Employee of the company: 3,00,000 Units (5% of total offered shares)
  • Units aside for the for the mutual funds: 3,00,000 Units (5% of total offered shares)
  • Units available for General Public: 54,00,000 Units
Share Value Per Unit: Rs.100 Per Share Min Quantity to be applied: 10 Units Maximum Quantity can be applied:30,000 Units Issue Date: Issue Open Date: Wednesday, Shrawan 20, 2078 Issue Close Date: Sunday, Shrawan 24, 2078 (After Banking Hours) : if issued share is not fully subscribed till Shrawan 24, 2078, it can be extended up to Bhadra 2, 2078 Issue Manager: Prabhu Capital Limited Credit Rating: CARE-NP BBB- (Is) by Care Ratings Nepal Limited means Issuers with this rating are considered to offer moderate degree of safety regarding timely servicing of financial obligations, in Nepal. Such issuers carry moderate credit risk Applicants can apply through https://meroshare.cdsc.com.np/ or from respective bank branches. click here to view offer letter of sanima life insurance company limited.  
Also, Read;
Upper Solu Hydro Electric Company Limited To Issue 33,07,500 Worth of Shares
Dordi Khola Jal Bidyut Corporation Limited To Issue 10,54,260 Shares To Locals
CYC Nepal IPO results
 
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