Sanima Life Insurance Limited has appointed Prabhu Capital Limited as an issue manager for its upcoming Initial Public Offering (IPO) of 60,00,000 units worth NPR. 60 crore to general public.
After the issuance of 60 lakh unit shares, the insurance paid-up capital will reach Rs 2 arba. The capital structure will stand at 70% for the promoters and 30% for the general shareholders.
Sanima Life Insurance Company Limited has earned Rs 4.89 crore till the end of third quarter of current fiscal year and has earned Rs 16.84 crore as premium income.