There is good news for IPO applicants. Sanima General Insurance is going to open IPO issue and sale to the public from Ashoj 21 (October 7). The company is about to issue an IPO worth Rs 300 million at a face value of Rs 100. The issuance and sale of 3 million Kitta of IPO are being opened to the public.
Out of the total shares to be issued by the company, 120,000 shares have been reserved for the company’s employees and 150,000 shares for mutual funds. The general public will be able to apply for the remaining 2.7 million shares. Applications for the company’s IPO can be submitted till Ashoj 25 (October 11). General Investors will be able to apply for a minimum of 10 kitta and a maximum of 1,000 kitta in the IPO of Sanima General Insurance. Below you can see the detailed info about the company IPO.
|IPO Open||Ashoj 21 (October 7)|
|IPO Close||Ashoj 25 (October 11)|
|Minimum Apply||10 Kitta|
|Maximum Apply||1000 Kitta|
|Total IPO Shares||30,00,000 Kitta|
|Reserved IPO||2,70,000 Kitta|
|IPO for Public||27,30,000 Kitta|
The issue and sales manager of the company is NIC Asia Capital Limited. Investors will be able to apply for an IPO through the CASBA available bank or financial institution. Investors will also be able to apply for an IPO through Mero Share.
Care Rating Nepal has given ‘Care NP BB Plus‘ rating to the Sanima General Insurance IPO. The rating indicates that the company’s financial position is moderate. Company has got permission to issue an IPO but the IPO date is not yet confirmed.
Currently, the company’s paid-up capital is Rs 700 million. The company is issuing Rs 300 million IPO shares for the public. After IPO the company’s paid-up capital will reach Rs 1 billion.
* Paid-up capital – 70 Million
* IPO Issue – 30 Million
* Total Capital – 1 billion ( 1 Arba)