Sanima Life Insurance Company Limited has published an offer letter to issue 60,00,000 units of IPO shares to the general public from 20th Shrawan to 24th Shrawan, 2078.

Sanima Life Insurance Company Ltd Opened IPO Initial Public Offering Shares for General Public. IPO shares of Sanima Life Insurance Company have been opened to the public. Sanima Life Insurance is going to issue initial shares (IPO) worth Rs 600 million. The company has stated that it will open sale and application for 60 Lakh Kitta IPO lots from Shrawan 20, 2078.

Out of 60 Lakh Kitta shares at the face value of Rs 100, 300,000 shares (5 percent) will be given to employees, 300,000 shares (5 percent) to collective investment funds and 54 Lakh shares to the general public.

The company has stated that applications can be submitted for the IPO of the company as early as Shrawan 24, 2078 and as late as Bhadra 2, 2078. General investors will be able to apply for 10 lots to 30,000 lots.

Sanima Life Insurance IPO Shares Apply Details

IPO Application open from: Shrawan 20, 2078 BS.

Total IPO Share Unit: 60 Lakhs kitta

Minimum Shares Apply: 10 Kitta

Maximum number of Shares apply: 30000 kitta

IPO Application Closing Date (Soon): Shrawan 24, 2078

IPO Apply From : Meroshare CDSC website & Nearest Bank with CASBA (Apply Link Given below)

IPO Shares Capital Merchant Office: Prabhu Capital Limited

Introduction About Sanima Life Insurance Company Limited

Nepali Sanima Life Insurance Limited was incorporated under the Companies Act, 2063 on 2064/08/13. Beema Samiti awarded the operating license on 2074/05/07 as per Sub-clause 3 of Clause 10 of Insurance Act, 2049 and Sub-rule 1 of Rule 8 of Insurance Regulations, 2049 to conduct business of Life Insurance and the company started its commercial operations on 2074/08/22. Promoted by Non Residents Nepalese (NRN), who have investment in Finance, Banking, Hydropower and Tourism etc in Nepal,a Sanima Life Insurance aims to be a trusted name in the Life Insurance Sector of Nepal. Sanima Bank is the major promoter of Sanima Life Insurance Limited.

Sanima Life Insurance is committed to provide an entirely new experience to the insuring public in Nepal through state-of-art technology and variety of options in respect of products. For Sanima Life, everyone the new born, the youth and the senior citizen, is a potential customer to be served with financial security for their loved ones and innovative financial solutions for themselves. We are here to offer an excellent insurance service to our customers through courtesy and transparency in all our interactions because for us every customer matters.