Sanima General Insurance’s IPO sale is open from today
By Rabindra Dhungel, 7 october 2020. Sanima General Insurance’s IPO sale is open from today (September 7). The company has opened 3 million IPOs worth Rs 300 million with a face value of Rs 100. Out of the total 3 million lots, 4 percent (120,000 lots) has been reserved for the employees of the share company and 5 percent (150,000 lots) has been reserved for the mutual funds.
The general public will be able to apply for the remaining 2.7 million lots.
Applications for the company’s IPO can be submitted as soon as possible by September 10 and if there are not enough applications in that period, applications can be submitted by November 20.
A minimum of 10 lots and a maximum of 1,000 lots can be applied for in an IPO. But since only 273,000 people will get IPO in the company’s IPO, it does not seem appropriate to apply for more than 10 lots. The company has appointed NIC Asia Capital Limited as the sales manager for the IPO.
At present, the company’s paid up capital is Rs. 700 million. The company’s paid-up capital will reach Rs 1 billion after the issuance of ordinary shares. If the company is currently at a loss, it will be able to pay dividend only from FY 79/80.
Interested investors can apply from all participating C-ASWA services approved by NIC Asia Capital Limited, Babermahal Kathmandu, Nepal Securities Board from banks and financial institutions and their branch offices.
They can also apply through my share. In order to fill an IPO through my shares, you have to open a demat number from Capital and my share account as well as a CRN number from the bank.