In this regard, the company has appointed Prabhu Capital as issue manager. Both companies signed a memorandum of understanding (MoU) amid a program.
The agreement was signed by Shiva Ram Timalshina, General Manager of Sanima Life and Bhola Prasad Pathak, CEO of Prabhu Capital.
The company with Rs 1.40 billion in paid-up capital will meet the minimum paid-up capital of Rs 2 billion after the IPO issuance.
