Upcoming IPO In Nepal: Sanima Life Insurance Limited To Issue IPO
SEBON approved the request of Sanima Life Insurance to issue the IPO to the general public. Sanima is going to issue 60,00,000 shares via an IPO. Prabhu Capital has been appointed the issue manager for the IPO issue.
Upcoming IPO In Nepal: Sanima Life Insurance Limited To Issue IPO
The authorized capital of the company is NRs 300 crore and the Issued and Paid-up Capital is NRs 140 crore. After the IPO, the paid-up capital will be 200 crores.
Mr. Kumar Koirala is the Chairman of the company.
Mr. Ghanshyam Thapa is the Director of the company.
Dr. Subarna Das Shrestha is the Director of the company.
Mr. Badri Bishal Ghimire is the Director of the company.
Mr. Bharat Bahadur Thapa is the Director of the Company.
Nepali Sanima Life Insurance Limited was incorporated under the Companies Act, 2063 on 2064/08/13. Sanima received a license on 2074/05/07 as per Sub-clause 3 of Clause 10 of Insurance Act, 2049 and Sub-rule 1 of Rule 8 of Insurance Regulations, 2049 to conduct business of Life Insurance and the company started its commercial operations on 2074/08/22. Promoted by Non Residents Nepalese (NRN), who have investment in Finance, Banking, Hydropower and Tourism etc in Nepal, Sanima Life Insurance aims to be a trusted name in the Life Insurance Sector of Nepal. Sanima Bank is the major promoter of Sanima Life Insurance Limited.
