[The companies preparing for IPO ]
By Rabindra Dhungel, 28 august 2020. The companies preparing for IPO are as follows:
1. General Insurance Company Limited: General Insurance Company Limited has submitted an application to Seban on Friday, June 19 to issue and sell 3 million ordinary shares (IPO) at a face value of Rs 100 per share, equivalent to Rs 300 million. NIBL S Capital Limited will act as the issue and sale manager to make the ordinary shares of the company public.
2. Sanima General Insurance Company Limited: Sanima General Insurance Company Limited has submitted an application to Seben on Sunday, July 29 to issue 3 million ordinary shares (IPO) worth Rs 300 million. NIC Asia Capital Limited will act as the issue and sale manager to make the ordinary shares of the company public.
3. Citizens Life Insurance Company Limited: Citizens Life Insurance Company Limited is about to open the issue and sale of 7.5 million ordinary shares (IPO). The company has not yet submitted its application to Sebain.
4. Jyoti Life Insurance Company Limited: Jyoti Life Insurance Company Limited is about to issue and sell 6.6 million ordinary shares (IPO). The company has not yet submitted an application to Sebain.
5. Union Life Insurance Company Limited: Union Life Insurance Company Limited is about to open the issue and sale of 6.45 million ordinary shares (IPO). The company has not yet submitted an application to Sebain.
6. IME Life Insurance Company Limited: IME Life Insurance Company Limited is about to issue and sell 6 million ordinary shares (IPO). The company has not yet submitted an application to Sebain.
7. Mahalakshmi Insurance Company Limited: Mahalakshmi Insurance Company Limited is about to issue and sell 6 million ordinary shares (IPO). The company has not yet submitted an application to Sebain.
8. Prabhu Life Insurance Company Limited: Prabhu Life Insurance Company Limited is about to issue and sell 6 million ordinary shares (IPO). The company has not yet submitted an application to Sebain.
9. Reliable Nepal Life Insurance Company Limited: Reliable Nepal Life Insurance Company Limited is about to issue and sell 6 million ordinary shares (IPO). The company has not yet submitted an application to Sebain.
10. Sanima Life Insurance Company Limited: Sanima Life Insurance Company Limited is about to issue and sell 6 million ordinary shares (IPO). The company has not yet submitted an application to Sebain.
11. Sun Nepal Life Insurance Company Limited: Sun Nepal Life Insurance Company Limited is about to open the issue and sale of 6 million ordinary shares (IPO). The company has not yet submitted an application to Sebain.