Sanima life Insurance IPO Result published today on 11:00 AM. Sanima Life Insurance Company Limited has allocated 54,00,000 unites shares to general public, 3,00,000 unites shares for its employees and 3,00,000 unites shares for the mutual fund. According to issue manager, Prabhu Capital Limited, 24,19,127 applicants were applied for a total of 3,69,43,440 units shares. So, the issue IPO was oversubscribed 6.84 times. Sanima Life Insurance Company Limited was issued 60,00,000 unit IPO shares for the General Public from Shrawan 20, 2078, and closed the issue on Shrawan 24,2078.
After the IPO issue, the company’s 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.
How to check Sanima Life Insurance IPO Result ?
How to check Sanima Life Insurance IPO Result ? We can check the result from cdsc ipo result page or ipo result cdsc com np nepal or ipo result mero share page. These are the official webpage to check the result of IPO. Go to those official result pages of IPO, you needs to provide the required information and you will get the result.
How to check the Sanima Life Insurance IPO Result iporesult.cdsc.com.np ipo result
|Name of company||Sanima Life Insurance Company|
|Issue Manager||Prabhu Capital Limited|
|Security Type||Common Stock -IPO|
|IPO Issued Date||August 4, 2021 to August 8, 2021|
|IPO Face Value||Rs. 100|
|Total number of IPO Shares||60,00,000 Units|
|Share allocated for Mutual (5%)||3,00,000 Units|
|Share allocated for employees (5%)||3,00,000 Units|
|Share for General Public ( 90%)||54,00,000 Units|
|Total Number of Applicants||2,419,127|
|Total Number of Applied Units||36,943,440|
|Total Number of Allotted Kitta||54,00,000 Kitta|
|Total Number of Allottee||5,40,000 applicants|
Sanima Life IPO Result Check from Prabhu Capital
You can easily check the Sanima Life IPO allotment result from Prabhu Capital web page (https://homepage.prabhucapital.com/share-allotment) when the IPO result published by Prabhu Capital. You did not find the result on Prabhu capital share allotment page. To check result of IPO, please follow the following steps and information;
- Log in Prabhu Capital Share Allotment page site https://homepage.prabhucapital.com/share-allotment
- Select the company name from list
- Write Your 16 Digits Dmat Number
- Then click on Check button and view your IPO allotment result.
Sanima Life Insurance Company Limited IPO Result
According to Sanima Life Insurance Company Limited IPO allotment, the applicants received the 10 units of company share. The IPO is around 54 Lakhs but the applicants were above 24 Lakhs. So, the 5 Lakhs 40 thousands applicant got 10 units share and others are empty hands.
Sanima IPO Result Date
Sanima IPO Result Date is on August 11, 2021, at 11:00 AM at Sanima Life Insurance office, Darbar Marg, Kathmandu. When the IPO result announced, the page will be updated and you can find the result of IPO from this website above suggested methods. Install the Nepali Share app for IPO Result alert. You will get the notice in your mobile. It is free of cost.
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.