SEBON Approves IPO of  Sanima General Insurance

Sep 21, 2020 05:04 PM Merolagani

Securities Board of Nepal (SEBON) has approved IPO of  Sanima General Insurance on September 21.

Sanima General Insurance is set to issue 30 percent IPO of its issued capital. Currently, the company has a paid-up capital of Rs 700 million that will reach Rs 1 billion after the issuance.

 For this, the company has appointed NIC Asia Capital as its issue manager.

Care Ratings has assigned Care NP BB + rating to the IPO indicating moderate risk.



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