Are you looking for Sanima Life Insurance IPO Result Date ? Sanima Life Insurance IPO Result Date will be allotted on August 11, 2021. According to issue manager, more possible Sanima Life Insurance IPO Result Date is 11:00 AM tomorrow.
Sanima Life Insurance Limited issued 6,000,000 units of ordinary shares worth Rs. 60 crores to the general public on Shrawan 20, 2078. The IPO closed on the date on Shrawan 24, 2078. According to the issue manager, 24,19,127 applicants were applied for a total of 3,69,43,440 units. This is oversubscribed 6.84 times and the highest record till the date.
Sanima life Insurance IPO Result Date 2021
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%.
Check Sanima Life IPO Result from Prabhu Capital IPO Result
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
Sanima Life Insurance Limited
Sanima Life Insurance Limited was incorporated on August 13, 2064 under the Companies Act 2063. Beema Samiti granted an operating license to conduct life insurance business pursuant to Article 10, Paragraph 3 of the Insurance Act 2049 and Article 8 Paragraph 1 of the Insurance Regulations of 2049 on May 7, 2074. The company started in 2074 Commercial Operations 08/22. Driven by the Non-Resident Nepalese (NRN) of Nepal, they have invested in the fields of finance, banking, hydropower and tourism in Nepal. Sanima Life Insurance aims to become a trusted brand in the Nepalese life insurance industry. Sanima Bank is the main sponsor of Sanima Life Insurance Limited.
Sanima Life Insurance is committed to providing a new experience for Nepalese policyholders through the latest technology and a variety of product options. For Sanima Life, every newborn, youth and senior is a potential customer, who can provide financial protection to their loved ones and provide themselves with innovative financial solutions. We are here to provide our clients with quality insurance services in a courteous and transparent manner, because every client is important to us.
The sponsors of Sanima Life Insurance have a long–term commitment to its customers and stakeholders. In our efforts to become one of the leading companies in Nepal‘s life insurance industry, Sanima Life Insurance has inherited these advantages and values.
AUTHORIZED AND PAID UP CAPITAL:
The company’s authorized capital is 300 million rupees, and its issued and paid-in capital is 140 million rupees. According to regulatory requirements, Sanima Life will issue an initial public offering of 600 million NPR, after which the paid-in capital will be 2 billion.
70% of the issued share capital has been subscribed by the promoters, and 30% of the issued share capital will be disclosed to the public through an IPO in accordance with relevant regulations.
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.
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