Sanima Life Insurance Company Issuing 60 Lakh Units IPO Share From Shrawan 20
Sanima Life Insurance Company Limited will issue 60,00,000 units worth Rs 60 crore to the general public as an IPO from Shrawan 20-24, 2078
Sanima Life Insurance Company Issuing 60 Lakh Units IPO Share From Shrawan 20Sanima Life Insurance Company Limited will issue 60,00,000 units worth Rs 60 crore to the general public as an Initial Public Offering (IPO) (Shrawan 20-24, 2078). This issue's early closure date is Shrawan 24, and if it is not completely subscribed by Shrawan 24, it might be extended until Bhadra 2, 2078.
Out of the 60,00,000 units issued, 5% of the total offered shares to the general public, or 3,00,000 units, were set aside for firm personnel and 5% of the total offered shares to the general public, or 3,00,000 units, were put aside for mutual funds. The remaining 54,00,000 units will be distributed to the general population.
The issue manager for the IPO issuance has been named Prabhu Capital Limited.
A minimum of 10 units and a maximum of 30,000 units can be applied for. The general public, accounting for 30% of total capital, would boost its paid-up capital to Rs 2.15 Arba following the sale of 60,00,000 units worth Rs 60 crore IPO shares, bringing the promoter/public ratio to 70:30.
Sanima Life Insurance Limited has received the ‘CARE-NP BBB- (Is)' grade from Care Ratings Nepal (CRNL) (SLIL). In Nepal, issuers with this grade are thought to provide a modest level of security in terms of timely payment of financial commitments. Credit risk is moderate for such issuers.