KATHMANDU: Sanima Life Insurance Company is issuing initial public offerings (IPO) from August 4.

The company will issue 6,000,000 million IPOs worth Rs 600,000,000 for Rs 100 per unit of share.

Of them, 300,000 (5%) units of shares have been allocated for staffers of the company and the same volume of shares has been set aside for the collective mutual fund.

People in general can apply for the remaining 5.4 million units of shares from August 4 and latest by August 8.

CARE Ratings Nepal, the first Credit Rating Agency in Nepal, has assigned CARE-NP BBB- to this company.