About 1.5 million applicants have applied for the IPO in two days.
As per the information given by the sales manager Prabhu Capital, applications for the purchase of 2,38,11,710 shares have been received from 1,495,389 applicants in the IPO of the company till 5 pm on Thursday.
The company has issued 6 million shares equal to Rs 600 million, which is 30 percent of the total issued capital of Rs 2 billion. Of that, 5 percent or 300,000 shares have been secured for employees and another 5 percent or 300,000 shares for collective investment funds have been secured and the remaining 5.4 million shares have been allotted to the public.
Applications for the company's IPO can be submitted till July 8. Investors interested in investing in the company's IPO can apply for a minimum of 10 lots to 30,000 lots.
Interested applicants can also apply through C-ASWA member banks and financial institutions and Meroshare's web and app.
Currently, the company's paid-up capital is Rs 1.40 billion. The company's paid-up capital will reach Rs 2 billion after the IPO. The IPO result of Sanima Life Insurance is expected by Sunday.