Reliance Life is planning to issue 30 percent primary shares of its issued capital worth Rs 630 million. It has appointed Sanima Capital as issue manager.
Presently, the company has a paid-up capital of Rs 1.47 billion which will reach Rs 2.10 billion after the IPO issuance. ICRA Nepal has assigned grade 4 rating to the IPO indicating below average fundamentals.
Similarly, Sanima General Insurance is set to issue 30 percent IPO of its issued capital. For this, the company has appointed NIC Asia Capital as its issue manager.
Currently, the company has a paid-up capital of Rs 700 million that will reach Rs 1 billion after the issuance.
