Sanima GIC Insurance Announces Sale of Founder Shares for Existing Shareholders
7th August 2026, Kathmandu
Sanima GIC Insurance Limited has officially published a public notification regarding the issuance and sale of founder group equity shares.
Sanima GIC Founder Shares
The non life insurance operator is offering a total of 261,735 promoter shares for acquisition. Under current regulatory frameworks governing insurance companies and financial institutions in Nepal, these corporate equity units are being made available through a structured multi-tier offering process that prioritizes existing institutional and individual founders of the company.
This strategic share offer presents an opportunity for existing promoter group shareholders to increase their equity stake and reinforce their financial ownership within Sanima GIC Insurance Limited. The offering reflects standard regulatory compliance mechanisms designed to maintain ownership stability within the founder structure before opening equity access to external market participants.
Exclusive Purchasing Privilege for Existing Founder Shareholders
In strict adherence to insurance regulations and company governance bylaws, the initial phase of the share offering is restricted exclusively to current promoter group shareholders. External individual investors, corporate entities, and general public buyers are not eligible to participate during this initial application stage.
By offering the 261,735 founder shares to existing promoters first, Sanima GIC Insurance Limited ensures that current founders are given the right of first refusal. This statutory requirement prevents immediate equity dilution among current internal stakeholders and provides established promoters with the ability to maintain or expand their proportional equity holdings in the insurer.
Application Timeline and Submission Procedures
The corporate management of Sanima GIC Insurance Limited has established a defined timeframe for interested promoter shareholders to submit their application forms. Existing founder group members have been granted a period of 35 days from the date of the public notice to complete all formal purchasing procedures.
Eligible founder shareholders who wish to buy all or a portion of the offered shares must collect, complete, and submit their formal purchase application forms within the stipulated 35 day period. The completed application packages, along with required supporting identification and financial documentations, must be physically delivered to the central head office of the company situated at Tangal in Kathmandu.
Applicants must ensure that all financial commitments, share purchase quantities, and required disclosure documents are submitted accurately within office hours before the expiration of the 35 day deadline. Any application submitted after the designated closing date will not be processed by the management.
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Secondary Stage Opening to General and Institutional Investors
Sanima GIC Insurance Limited has also outlined the secondary course of action if the offered shares are not fully absorbed during the primary application window. If existing founder group shareholders do not submit purchase applications for the entire lot of 261,735 shares within the 35 day timeframe, the unsubscribed remaining portion will be made available to external buyers.
In accordance with regulatory directives issued by the Nepal Insurance Authority, any leftover shares will subsequently be opened for sale to outside individual investors, corporate firms, and institutional buyers. This secondary opening allows non-founder investors to acquire promoter group equity in Sanima GIC Insurance Limited, subject to necessary background checks, legal eligibility evaluations, and regulatory approvals.
Regulatory Oversight and Insurance Sector Standards
The sale of promoter group shares in licensed non life insurance entities across Nepal is subject to rigorous oversight by the regulatory authorities. Promoter shares carry distinct legal attributes and voting rights compared to ordinary equity shares traded on the public stock exchange.
Transferring ownership of founder shares requires formal documentation verifying the source of funds, financial standing, and legal eligibility of the purchaser. By implementing a transparent 35 day right of first refusal window for existing promoters followed by a prospective general offering, Sanima GIC Insurance Limited maintains full compliance with national financial and insurance laws.
Corporate Context and Financial Stability
Sanima GIC Insurance Limited operates as a leading non life insurance service provider in Nepal, offering a diverse array of risk protection products ranging from property, motor, and marine insurance to engineering and micro-insurance solutions. The company operates through a broad branch network across urban and regional commercial centers.
The offering of 261,735 founder shares reinforces the overall equity structure of the firm and demonstrates ongoing corporate activities within its promoter group. Existing promoters and prospective institutional investors evaluate such share offerings based on long term growth prospects, financial performance indicators, and insurance market potential in Nepal.
Interested promoter shareholders are encouraged to review the official public notice carefully and contact the corporate administration department at the head office in Tangal, Kathmandu, for detailed instructions regarding bid prices, payment methods, and application guidelines.
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