IPO Issue of Sanima General Insurance | IPO KHABAR
Sanima General Insurance Limited (SGIL) has closed the issue of 30,00,000 units of Initial Public Offering to the general public from Ashwin 25, 2077. This IPO issue was open since Ashwin 21 and was open for four working days.
ABOUT Sanima General Insurance
SGIL company is founded by an esteemed group of investors who have made contributions to economic development inside and outside of Nepal and have substantial experience in establishing and scaling successful business during the politically and economically challenging environment in Nepal. Our team of promoters include Non-Resident Nepalese along with leading industrialists, trading houses, bankers, and highly qualified professionals of Nepal.
SGIL's MISSION & VISION
To design every product according to the needs of client, develop every process keeping in mind the ease of clients, make every decision focusing on their shareholder's profitability and communicate with full transparency. To become the leading insurance company in Nepal and provide their clients with unmatched quality – focusing on innovation for better products & customer service.
IPO Issue Details
PUBLIC OFFRING
Also, this is the highest number of applicants an IPO issue has ever witnessed. Some of the invalid applications will now be disqualified and allotment will be done. Only the lucky 2.73 lakhs applicants will get 10 units each via the lottery.
IPO Issue Manager
IPO Issue manager of Sanima General Insurance Limited is NIC Asia Capital Limited.
Total issued Share Unit: 30,00,000 units [Out of the total offered; 4% of the total offered shares were set aside for the employees of the company and 5% for the mutual funds.] and
For General Public: 27,30,000 Units
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