Sanima Life Insurance has begun issuing and selling primary shares (IPO) to the general public. The company has issued 6 million shares, worth Rs 600 million, or 30% of its entire issued capital of Rs 2 billion.
Employees will receive 5% of the stock, or 300,000 shares, and collective investment funds will receive another 5%, or 300,000 shares. The remaining 5.4 million shares will be distributed to the general public. Applications for the company’s initial public offering (IPO) can be submitted as soon as feasible by August 8, and if there aren’t enough, applications can be submitted until August 18.
Those interested in investing in the company’s first public offering (IPO) can apply for a minimum of 10 lots up to 30,000 lots. Interested applicants can also apply through C-ASWA member banks and financial institutions’ websites and apps, as well as Mero share. The IPO’s issuer and sales manager will be Prabhu Capital Limited.