Kathmandu, October 15, 2026 — Sanima GIC Insurance Limited has announced the auction of 235,448 units of its promoter shares through a sealed-bid process, providing eligible individual, corporate, and institutional investors an opportunity to acquire ownership in the non-life insurance company.
Sanima Capital Limited has been appointed to manage the auction process. The share sale will be conducted in accordance with applicable capital market regulations, with investors required to submit competitive bids at or above the prescribed minimum price.
Minimum Bid Price Set at NPR 258 Per Share
Sanima GIC Insurance has fixed the minimum bid price at NPR 258 per share. Interested investors must quote a price equal to or higher than the established floor price to participate in the auction.
The company has offered a total of 235,448 promoter shares. Applicants must bid for a minimum of 5,000 units, while the maximum application quantity is limited to the total number of shares available, subject to applicable regulatory restrictions on promoter shareholding.
Investors are required to pay an application form fee of NPR 100 per copy. In addition, applicants must submit proof of full payment for the shares they intend to purchase, along with the applicable processing fees, when submitting their bid applications.
Bidding Opens on Kartik 9
The sealed-bid auction will open on Kartik 9, 2083, corresponding to October 26, 2026, and close on Kartik 12, 2083, corresponding to October 29, 2026.
Interested investors can obtain and submit the required application forms at the office of Sanima Capital Limited, located at Sama Marg, Naxal-1, Kathmandu.
Applicants must ensure that their bid forms contain the required details and are accompanied by the necessary payment evidence and applicable fees before the submission deadline.
Shares to Be Allocated to Highest Bidders
The promoter shares will be allocated through a competitive bidding process, with priority given to bidders offering the highest prices. The allocation process will proceed from the highest bid downward, subject to the applicable terms and regulatory limits.
Sanima Capital Limited has scheduled the opening of the sealed bids for Kartik 13, 2083, corresponding to October 30, 2026, at 11:00 AM at its office premises.
The auction provides eligible investors with an opportunity to participate in the ownership of Sanima GIC Insurance Limited through a structured promoter share sale. Investors are advised to review the official auction notice and comply with all application, payment, and eligibility requirements before submitting their bids.
