Sanima General Insurance going to open IPO from October 8th | SGI IPO
Sanima General Insurance Company Limited is going to open IPO issue and sale to the public from October 8th 2020.
The company is about to issue 3 million IPOs at a face value of Rs 100, equivalent to Rs 300 million. Out of the total shares to be issued by the company, 120,000 shares have been set aside for the company’s employees and 150,000 shares for mutual funds. The general public will be able to apply for the remaining 2.7 million shares.Applications for the company’s IPO can be submitted till September 10. Investors will be able to apply for a minimum of 10 units and a maximum of 1,000 Units.The issue and sale manager of the company is NIC Asia Capital Limited. Interested investors can apply through ASBA service banks and financial institutions as well as through my shares.Currently, the company’s paid-up capital is Rs 700 million. The company’s paid-up capital will reach Rs 1 billion after the IPO.
About Sanima General Insurance Limited
Sanima General Insurance Limited was registered on 2064 Ashadh 07 B.S as the public limited company at Company Registrar Office. Like wise this company has started its operation on 2075 Ashadh 27. This company has 70% paid up capital which is under the promoter group of the insurance company.
How much Units is good to apply in IPO ?
Sanima General Insurance company has open the the IPO application of the thirty lakh units shares. The investors of Nepal has great attraction on the IPO of the Insurance companies, Recent there was approx eight lakh application on the Initial Public Offering of the General Insurance (GIC), Out of eight lakh only two lakh seventy thousand applicant has got 10 units shares. So it is good to apply only 10 units at the time of issuance of IPO.
How to apply IPO ?
It is very easy now to apply for the IPO. You can go to bank with the account number, Demat number and CRN number to apply for the IPO. Almost all the commercial banks and the several development bank and finance company are become the member of the ASBA network in which you can apply IPO.
The another option and the popular option for the IPO application is Mero share. Mero share service can be taken from the different capital and banks. Mero share helps to apply share more easily form home . You can have this service through the banks and capital
Search For mero share login nepal share market ipo nepal recent ipo issue nepal current ipo issue insurance ipo issue bizpati ipo news bizpati ipo result laghubitta ipo result
Leave a Reply