Sun Nepal Life Insurance IPO Result [foreign employment]

IPO Result Date:

Sun Nepal Life Insurance IPO Result will be conducted on 7^th August 2020 (Monday). Sun Nepal Insurance issued IPO shares to the foreign employee Nepalese from 17-31 July 2023. The company had issued 12,00,000 units of shares at Rs.229 per share to the foreign employee Nepalese.

Sun Nepal Life Insurance IPO Result Check: Click Here

Share Distribution Status:

IPO Application Status:

The IPO application status of Sun Nepal Insurance is shown in the table below:

Among the total applicants, all 28,741 people will get shares of Sun Nepal Life Insurance.

Issue Manager: Nepal SBI Merchant Banking Limited.

Financial Details:

The financial details including Net-worth and EPS of the company are shown in the table:

Opening Range:

The opening range of Sun Nepal Life Insurance is expected to be Rs.475.23. It may vary as it is not fixed. Its range is calculated according to its net worth. The minimum value of the opening range is its net worth and the maximum value is three times its net worth.

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Credit Rating:

Care Rating Nepal has provided the rating as CARE-NP BBB-(Is) pronounced as [ICRANP issuer Rating Triple B minus] to the company. This indicates that the company has a moderate degree of safety regarding the timely servicing of financial obligations.