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    Nepal Breaking NewsNepal Stock ExchangeSanima Life Insurance's initial public offering (IPO) has begun; how many lots...

    Sanima Life Insurance’s initial public offering (IPO) has begun; how many lots should you apply for?

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    Sanima Insurance has begun issuing selling primary shares (IPO) to 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 stock, or 300,000 shares, collective investment funds will receive another 5%, or 300,000 shares. The remaining 5.4 million shares will be distributed the general public. Applications for the company’s initial public offering (IPO) can be submitted as soon as feasible by August 8, if there aren’t enough, applications can be submitted until August 18.

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    Those interested in investing in company’s first public offering (IPO) can apply for a minimum of 10 lots up 30,000 lots. Interested applicants can also apply through C-ASWA banks and financial institutions’ websites and apps, as well as Mero share. The IPO’s issuer and sales manager will be Prabhu Capital Limited.

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