The board approved IPO worth Rs 600 million of Sanima Life, Rs 39.3 million of Manushi Laghubitta and Rs 123 million of Samalinga Power Company.
Sanima Life is planning to issue 6 million units of primary shares at a face value of Rs 100 after which its paid-up capital will reach Rs 2 billion. Care Ratings has assigned BBB- rating to the issue indicating moderate risk. The company has appointed Prabhu Captial as its issue manager.
Similarly, Manushi Laghubitta is planning to issue 393,750 units of primary shares at a face value of Rs 100. The company has appointed Nepal SBI Merchant Banking as its issue manager.
Likewise, Samalinga Power Company is planning to issue 1,230,000 units of primary shares at a face value of Rs 100. The company has appointed Nepal SBI Merchant Banking as its issue manager.
