Searching for the Sun Nepal Life Insurance IPO Result Date and the final announcement date? As the IPO process is nearing its end, the company has set a date for the IPO result announcement.
Sun Nepal Life Insurance is an Insurance company in Nepal. Its headquarter is located in New Plaza, Kathmandu, Nepal. SEBON has approved the company and will be listed on Nepal Stock Exchange (NEPSE) soon.
The initial public offering (IPO) was approved on 2080-03-19. The IPO was opened on 2023-08-17 at 10:00 AM and will close on 2023-08-21 at 5:00 PM.
Sun Nepal Life Insurance IPO Result Date
The IPO result Date of Sun Nepal Life Insurance will probably be announced within the 1st week of September, i.e. after the end of the issue closed date i.e. after 2023-08-21 at 5:00 PM. The company has issued 7680000 units of shares for the general public.
The minimum share that the general public can fill up was a minimum of 10 units and the maximum was 20000. The rate of one share is 100.
The allotment of shares will be done via a lottery system/lucky draw. The shares will be allotted to the applicants who have applied for the IPO within the 2023-08-17 at 10:00 AM – 2023-08-21 at 5:00 PM. period.
| Name of Company | Sun Nepal Life Insurance |
| Sector | Insurance |
| Available | For General Public |
| From | 1 |
| To | 32,000,000 |
| No. of Share Registered | 32,000,000 |
| Rate | 100 |
| Amount of Shares Registered | 3,200,000,000 |
| Public Issue Size | 9,600,000 |
| Public Issue Amount | 2,227,680,000 |
| % of Issued Capital | 30.00% |
| Promoter Share Registered Amount | 2,240,000,000 |
| % of Issued Capital | 70.00% |
| Issue Manager | Nepal SBI Merchant Banking Ltd |
| Date of Approval | 2080-03-19 |
| Issue Open Date | 2023-08-17 at 10:00 AM |
| Issue Close Date | 2023-08-21 at 5:00 PM |
| No. Of Share Issued | 7680000 |
| Established | 2074 B.S. |
| Headquarters | New Plaza, Kathmandu |
| Minimum Quantity | 10 |
| Maximum Quantity | 20000 |
How to Check the Result of Sun Nepal Life Insurance?
The Sun Nepal Life Insurance result can be checked online on the CDS and Clearing Limited website or Nepal SBI Merchant Banking Ltd. The applicants can also check the result by logging into Mero Share.
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Conclusion
The Sun Nepal Life Insurance IPO Result will be announced within the 1st week of September 2023, i.e. after the closing date. The allotment of shares will be done eventually and the banks will make the refund if it is not allotted.