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Opening Range of Sun Nepal Life Insurance

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Opening Range of Sun Nepal Life Insurance
Opening Range of Sun Nepal Life Insurance

We have information of Opening Range of Sun Nepal Life Insurance Company ltd.

Opening Range of Sun Nepal Life Insurance

Following are the detail information of opening range.

About Company

Sun Nepal Life Insurance Company Ltd is a life insurance company which was established under the Company Act 2063. It got its license to work on 2nd August 2017. The famous product of Sun Nepal Life insurance are Money Back, Endowment, Whole Life, Term Assurance products, etc.

Similarly, the company has 20 branches and 56 sub-branches. The corporate office is located at Newplaza, Putalisadak, Kathmandu, Nepal.

The company is issuing IPO for Rs. 239 per share (Rs 100 face value + Rs 139 premium price).

Opening Range

The opening range of the company depend upon the audited book value of the company. As per the FY 2078/79, the audited book value of the company is Rs. 158.41. So, the opening range of the company will be Rs. 158.41 to Rs. 475.23.

The company is issuing 9.60 lakhs units share worth Rs. 96.00 crore form investors.

The issue Manager for issuing IPO is Nepal SBI Merchant Banking ltd. Similarly, ICRA Nepal has given ‘CARE-NP IPO Grade 4’ to company for issuing IPO.

More Information About IPO

Following are more information about IPO of Sun Nepal Life Insurance.

ParticularsInformation
Name Sun Nepal Life Insurance Company
SectorLife Insurance Company
Issuing Share96,00,000 units (30% of Paid up Capital)
Nepalese citizens working abroad960,000 unit shares
For General Public and Mutal fund86,40,000 units Share
Issue ManagerNepal SBI Merchant Banking Ltd
ICRA Nepal GradingGrade 4

Hence, these are the information of IPO and opening range.

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