Sanima Life Insurace IPO allotment, 17 Lakh investors empty-handed

Most awaited Sanima Life Insurance’s IPO has been allotted today for the applicants. In the IPO that was distributed on Saturday, 540,000 people have received shares at the rate of 10 lots.

A total of 2.419 million people had applied for the company’s IPO. Of which, 17 lakh 68 thousand 122 people have been empty-handed on the lottery-based allotment system.

the company invited applications from interested individuals since July 8. The company had issued 60 Lakhs Kitta IPO’s worth Rs 60 Crore Nepali Ruppes.