Sun Nepal Life to Auction Over 224,000 Right Shares

Kathmandu, – Sun Nepal Life Insurance Company Limited is set to auction a total of 224,506 units of unallocated right shares starting from Ashar 23 (July 7). The auction process will remain open until Shrawan 30 (August 13). Nepal SBI Merchant Banking Limited has been appointed as the issue manager and underwriter for the auction.

Among the total shares being auctioned, 80,222 units from the promoter group and 4,049 units from the general group are currently under a lock-in period, which will expire on Bhadra 14, 2083 (August 30, 2026). The remaining 140,457 units from the general group are not subject to any lock-in and will be freely tradable upon acquisition.

The auction will begin with a minimum base price of Rs. 100 per unit. Interested buyers are required to bid for a minimum of 1,000 units in the promoter category and a minimum of 100 units in the general category. Applicants may also bid for the full quantity of shares if they choose.

Application forms for the auction can be obtained from Nepal SBI Merchant Banking’s Thamel office, Sun Nepal Life’s head office at Putalisadak, and its branch offices located in Biratnagar, Birgunj, Pokhara, Butwal, Nepalgunj, Surkhet, and Dhangadhi.