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    Nepal Breaking NewsNepal Stock ExchangeMore than 2.4 million applications were received for Sanima Life's public...

    More than 2.4 million applications were received for Sanima Life’s initial public offering

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    There are more than 2.4 million persons who have applied to participate in the Sanima Company’s initial public offering (IPO).

    A of 2,419,127 persons have applied the IPO, which was open from August 4 to August 8 and will close on Wednesday at 5:00 p.m.

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    According to Prabhu Capital, the sales manager, applications have been received 369.43 million 44 thousand shares, valued at Rs 369.43 million 440, Rs 369.43 million.

    According to the company, the number of applications received exceeded the number of requests by a factor of 6.84.

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    300,000 shares have been reserved employees, and another 300,000 shares have been reserved for collective investment funds of the number of shares issued by the corporation. The remaining 5.4 million shares have been applied for by the general public.

    Because the number of applications received surpassed the demand, the company’s initial public offering (IPO) will be dispersed in a round-robin fashion.


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