If you are wondering about the IPO result date of Sun Nepal life Insurance Company, we will make you clear that CDS and clearing limited is going to publish the result of IPO allotment 1st September. Sun Nepal Life Insurance is one of the reputed insurance company of Nepal.
The corporate office of this insurance company is located at New Plaza, Putalisadak Kathmandu. After the allotment of IPO, NEPSE will listed this company to the secondary market.
| IPO Approved Date | 2080-03-19 |
| IPO Open DateA | 2023-08-17 |
| IPO Result Date | 2023-09-01 |
| IPO Closing Date | 2023-08-21 |
Sun Nepal Life Insurance IPO Result Date
The company is preparing to publish the IPO allotment result probably on first week of September. This company issued 7680000 units IPO to the general public. There was the limitation that the general public were able to fill from 10 units to maximum 20000 units.
Allotment of Shares of Sun Nepal Life Insurance
Company will publish IPO result via. lottery system. The application for this IPO is very higher than the issued shares.
| 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 IPO Result of Sun Nepal Life Insurance?
Meanwhile, Applicants has the major three Options to check result. First, the applicants can view their result at the official website of Nepal SBI Merchant banking limited. Second, the applicant are also able to check their result at CDS and clearing limited website. Third, the mero share will show the result at the application status menu.
Conclusion
As we know that the company will publish IPO allotment result at 1st week of September. After that if you got IPO, your amount will be deducted from your account otherwise bank will refund your money. So ipokhabar.com would like to give adavance congratulations to all the IPO alottee.
