Sanima Life is issuing 6 million units of primary shares worth Rs 600 million to the general public.
Out of the total shares, the company has allocated 5 percent i.e. 300,000 units to employees and 5 percent to mutual funds. The general investors can apply for the remaining 5.4 million units of shares.
The issue will close early on August 8 and lately on August 18. The interested investors can apply for a minimum of 10 and maximum of 30,000 units of shares.
Care Ratings Nepal has assigned BBB rating to the issue indicating moderate risk.
The company has appointed Prabhu Capital as its issue manager.
Currently, the company has a paid-up capital of Rs 1.40 billion that will reach Rs 2 billion following the IPO issue.
