Primary shares will be issued by Sanima Life Insurance (IPO). From August 4, the company plans to launch 6 million IPOs valued Rs 600 million.
Employees will receive 3 lakh shares (5%), collective investment funds will receive 3 lakh shares (5%), and the general public will receive 5.4 million shares out of a total of 6 million shares with a face value of Rs 100.
Applications for the company’s first public offering (IPO) can be submitted as early as August 8 and as late as August 18th. General investors are eligible to apply for 10 to 30,000 lots.
The company’s IPO has been assigned to Prabhu Capital Limited as the issuer and sales manager.
The company’s IPO can be applied for through C-ASBA member banks and financial institutions, as well as My Share’s website and mobile app.
The company’s paid-up capital is currently Rs 1.40 billion. The company’s paid-up capital will reach Rs 2 billion after the issuance of 30% primary shares.