Sun Nepal Life Insurance to float ordinary shares to migrant Nepalese workers from Shrawan 1 at Rs 239 premium price; issue to remain open till Shrawan 15

Sun Nepal Life Insurance has begun floating its ordinary shares in IPO to the migrant Nepalese workers from Shrawan 1, 2080.

The company is floating its shares at a premium price of Rs 239 with Rs 139 premium added to the base price of Rs 100.

Out of 96 lakh unit ordinary shares that are on offer in IPO, the company is currently floating 9.6 lakh unit shares to the migrant Nepalese. After making other regulatory allocations, the company will be floating 76.80 lakh unit shares to the general public in the near future, as per the media statement.

Interested migrant Nepalese workers can apply for a minimum of 10 unit shares to a maximum of 20 thousand unit shares between Shrawan 1 to 15, 2080. Nepal SBI Merchant Banking is the issue manager of this issue and the interested ones can submit their application from any CASBA member BFIs and Meroshare application, as per the media statement.