Kathmandu. The primary shares of Sanima Life Insurance are being distributed on Saturday morning. Out of 23 lakh 13 thousand 556 eligible applicants in the IPO issued by the company, 17 lakh 68 thousand 122 applicants will be left empty handed. A total of 2,419,848 people had applied for the primary shares issued by the company from July 7 to 8. They had applied for 36.9 million 51 thousand 80 lots.

One lakh 11 thousand 726 applications have been rejected. The number of eligible applicants is 2.3 million 8 thousand 122. They had applied for 34.2 million 5 thousand 20 lots.

The company had opened sale of 5.4 million shares to the public. According to the Securities Distribution Directive, 550,000 will be able to get primary shares at the rate of 10/10 lots.