Have you applied for an IPO of Sanima Life Insurance? You may be waiting for the result. Good News ! Sanima Life Insurance IPO allotment date is confirmed, and you can check the IPO result on Saturday at 11:30 AM.
Read This: Upcoming IPO in Nepal 2021, check the complete list here
In this IPO, a new record was set in the number of applicants. More than 24 lakh investors have applied for the company’s IPO. The company had issued 60 lakhs IPO shares. Of that, 300,000 were secured for employees and 300,000 for collective investment funds. The general public had applied for the remaining 54 lakh IPO shares.
How many investors get IPO?
The IPO was oversubscribed by 6.84 times, so allotment will be done through a lucky draw as per the rules of Sebon. Only lucky 540,000 investors in this IPO will get shares at the rate of only 10 kitta. About 18.7 lakh applicants are not going to get IPO shares.
How to check IPO results?
The IPO result of Sanima life insurance is publishing on Saturday at 11:30. IPO allotment is concluding in the office of Siddhartha Capital. Investors can check the IPO result here after allotment.
Sanima Life Insurance IPO result can be checked from 3 websites. CDSC IPO result page, Siddhartha Capital website, and Mero Share website. It is published on all these websites and investors can check. Follow these 3 steps for IPO results.
1 ) Go to https://iporesult.cdsc.com.np/ website, enter BO id and select the company and search. that’s it. You will get the result.
2 ) Go to the Siddhartha capital IPO result page, select company and enter BO id number and click the CHECK button. That’s is, you will get the IPO result. Allotted or Not. To check results CLICK HERE.
3 ) Go to Meroshare.cdsc.com.np and check the allotment status. Go to My ASBA on left and click on Application report. You will see the allotment status, Allotted or Not.
To check results CLICK HERE.
More about Sanima Life IPO
According to sales manager Prabhu Capital, more than 2.4 million applicants have applied for 369.43 million shares. This is 6.84 times more than the 5.4 million allotted to the general public.
Currently, the company’s paid-up capital is Rs 1.40 billion. The company’s paid-up capital will reach Rs 2 billion after the IPO.
