Sanima Life Insurance to issue IPO from Shrawan 20

sanima life insurance ipo check

Here is the new IPO alert for you. Sanima Life Insurance Company is going to issue the IPO from Shrawan 20 (साउन २०). Company is about to issue 60 Lakh IPO shares for general public. If you are going to apply for it, keep the money ready because IPO is knocking soon.

Read this: Upcoming IPO in Nepal 2021, check the list here

Out of total issue, 300,000 units have been allocated for employees and 300,000 units for mutual funds. General investors will be able to apply for the remaining 54 lakh IPO shares only.

sanima life insurance ipo

Sanima Life Insurance IPO will closes on Shrawan 24 (साउन २४). Investors can apply for a minimum of 10 kitta and a maximum of 30,000 kitta in this IPO.

Read this: TMS registration link, check how to open Tms account

More than 21 lakh investors are active for the IPO and applied for the previous IPO, so it seems this time also going to break the record. So it is best to apply for only 10 kitta. In this IPO also, Allotment will be happen through lucky Draw and 10 kitta each will be allotted for 5,40,000 investors.

Prabhu Capital Limited is the IPO issuer and sales manager of the company. The company’s IPO has been received a “Care NP BBB” rating by Care Ratings. This rating indicates that the company’s fundamentals are moderate.

According to the fiscal year 2076/77, the company’s networth per share is 109.67 and EPS is 6.10.

How to Apply for IPO?

Investors who have Mero Share account can apply online through Mero Share website and application. Investors who don’t have Mero Share can apply for an IPO through C-ASBA member banks, financial institutions across Nepal.