Sanima Life IPO:
Sanima Life Insurance has started the process of issuing initial public offering (IPO) to the public.
The company has started the process of issuing 6 million shares worth Rs 600 million.
The sanima life company has rated the IPO it is about to issue. Care Rating Nepal has given a triple B minus rating to the company’s IPO.
The rating indicates that the company is moderately secure in fulfilling its financial obligations.
The paid-up capital of the company will reach Rs 2 billion after the issuance of IPO at the rate of Rs 100 per share.
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