Sanima Life Insurance Company Limited will issue 6,000,000 units worth Rs 600 million as Initial Public Offering to the general public from Wednesday. The early closing date of this issue is on the 8th of August and could be extended up to the 18th of August.
Of the offered 60,00,000 units; 5% of the total offered shares to the general public i.e. 3,00,000 units have been allocated for the employees of the company and 5% of the total offered shares to the general public i.e.3,00,000 units have been allocated for the mutual funds. The remaining 540,000 units are for the general public.
Prabhu Capital Limited has been appointed as the issue manager for the IPO issuance of Sanima Life Insurance.
Applicants can place an order for a minimum of 10 units and a maximum of 30,000 units.
After the issuance of 600,000 units worth Rs 600 million, IPO shares the general public i.e 30% of total capital which will together raise its paid-up capital to Rs 2.15 billion, and the promoter/public ratio will be 70:30.
