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Sanima life insurance ipo

IPO of Sanima Life Insurance opened from Today. Sanima Life Insurance Limited issued  6,000,000 units of ordinary shares worth Rs. 60 crores to the general public from today, Shrawan 20, 2078. The early closing date of this IPO is on Shrawan 24, 2078 and if the issue is not subscribed till Shrawan 24 then Sanima life insurance ipo will be extended up to Bhadra 02, 2078.

Prabhu Capital Limited is appointed as the issue manager for the IPO issuance. Out of offered 6,000,000 units; 300,000 units have been allotted for the employees of the company and 5% of the total capital allotted for the mutual funds. The remaining 5,400,000 units are allocated for the general public. Applications can apply for a minimum of 10 units and a maximum of 30,000 units for this IPO.  But 10 units is enough to apply as per its volume. After the issuance of the public shares, the paid-up capital of company will reach Rs. 2 Arba and public holding will be 30% and promoters holding will be reached 70%.

sanima life ipo
Sanima Life ipo

Credit Rating of Sanima Life Insurance

Sanima Life Insurance IPO was gotten the ‘CARE-NP BBB- (Is)’ rating by Care Ratings Nepal (CRNL). This rating showed to offer a moderate degree of safety regarding timely servicing of financial obligations, in Nepal. It means that it has moderate credit risk.

Key Rating Strengths:

  • Strong Promoter group including institutional promoter
  • Good assets quality of investment book
  • Experienced board and management team
  • Moderate financial risk profile and improving the combined ratio
  • Moderate solvency profile
  • Adequate geographical coverage through branches

Key Rating Weaknesses:

  • Short track record and competition from other insurance companies coupled with relatively small market share in the life insurance industry
  • Concentration in Endowment policies

How to apply Sanima Life Insurance IPO though Mero Share

Please follow the following steps to apply the Sanima Life Insurance IPO for local from Mero Share. If you face any difficulties to apply, please share your queries with us. We will try to solve as soon possible.

Step 1. Go to the Mero Share site https://meroshare.cdsc.com.np/#/login

Step 2. Login

Step 3. Go to My Asba from Menu

Step 4. See in the Apply for Issue and click on Apply

Step 5. Provide required information and submit

Sanima Life Insurance Limited

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, 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.

The promoters of Sanima Life Insurance have a long-term commitment towards their customers and stake holders. These strengths and values have been inherited by Sanima Life Insurance, as we make our way to becoming one of the leading company in the Nepalese Life Insurance Industry.

AUTHORIZED AND PAID UP CAPITAL:

The authorized capital of the company is NRs 300 crore and Issued and Paid up Capital is NRs 140 crore. As per regulatory provision, Sanima Life will issue IPO of NPR 60 crore, after which paid up capital will be 200 crore.

70% of issued capital has been subscribed by the promoters and 30% of the issued capital will be allotted to the public through IPO as per regulation in this regard.

RE-INSURANCE :

For healthy and scientific distribution and management of risk, the company has made re-insurance agreement with the domestic reinsurer: Nepal Reinsurance Company.

VISION & MISSION STATEMENT:

To be the leading life insurance company in Nepal through continuous innovation, presenting the best value to it’s customers through financial security, long term prosperity through best returns and impeccable service, thus improving the quality of life of Nepalese people while contributing to overall national development.

SPECIAL VALUES:

S – SECURITY AND SERVICE

Sanima Life endeavors to provide financial security to all through best service and value added products

P – PROSPERITY

Sanima Life shall never compromise with the ethical standards for a healthy growth of itself and it’s stakeholders

E – ETHICS

Sanima Life envisions a nation with all it’s citizens leading a prosperous lifestyle and secured future

C – CORPORATE GOVERNANCE

Sanima Life aspires to develop and imply the best corporate governance, that shall further strengthen the impact of all other corporate values.

I – INTEGRITY

Sanima Life shall maintain the highest level of integrity and transparency thus gaining the trust and credibility of all it’s stakeholders

A – ACCESSIBLE

Sanima Life shall make itself highly available to all public through expansion and provide the best service in the most convenient manner.

L – LEADERSHIP

Sanima Life shall endeavor to lead the life insurance industry of Nepal through innovation in products and process and by adopting the best practices from around the globe.

Sanima life insurance ipo is the one of the best IPO in Nepal where we need to apply to the best result. It is the opportunities to invest in small amount in life insurance.

Nepali Share-all in one

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