Sonali Life IPO Result
Sonali Life Insurance Company Limited is an insurance company
established in 2013 in Bangladesh. It has opened more than 86 branches and
service centers across the country with a paid-up capital of 285 million BDT.
It promotes itself by utilizing the network strength of Rupali Insurance
Company Limited and the strategic locations of the parent company. It is
poised to become a leading service provider of financial security and
retirement, essential income solutions, investment and protection plans. With
utmost transparency, it has implemented Bangladesh's first fully integrated
ERP system based on Life Insurance.
| Table of content | |
|---|---|
| 1 | Sonali Life IPO Result |
| 2 | Sonali Life Insurance Details Prospectus |
| 3 | Sonali Life Insurance IPO Prospectus |
| 4 | Sonali Life Insurance IPO details |
| 5 | DETAILS OF SUBSCRIPTION for ELIGIBLE INVESTORS (EIs) |
| 6 | BANK DETAILS FOR DEPOSITING EI SUBSCRIPTION MONEY |
| 7 |
DETAILS OF SUBSCRIPTION FOR GENERAL PUBLIC CATEGORIES |
| 8 | Brief corporate directory of the issuer |
|
9 |
Principal products/services of the Issuer |
| 10 | Public issue application process |
| 11 | Miscellaneous |
| 12 | Sonali Life Insurance Premium Calculator |
| 13 | Apply for a policy/claim |
| 14 | Sonali Life Insurance Apps |
| 15 | Sonali life insurance helpline number |
Sonali Life Insurance IPO
Accepted Date: 10 December, 2020
Net Asset Valuation: TK 25.47 per share
Sonali Life's life fund is: TK 953.5 million
19 million shares: face value of TK 10
Subscription starts: May 30, 2021
Subscription ends: June 3, 2021
Sonali Life IPO Result declares on the official website of
Dhaka Stock Exchange Ltd. Bangladesh (DSEBD) and www.sonalilife.com. You can check here IPO
result/allotment of any company released in Bangladesh. To
check sonali life insurance ipo result 2021 click below-
Sonali Life Insurance IPO Result 2021
View Sonali Life Insurance IPO related latest notices
Consolidated Final Application Status
To view Consolidated Final Application Status Click below-
Pro-Rata allotment for GP & NRB
To view Pro-Rata allotment for GP & NRB click below-
Sonali Life Insurance Details Prospectus
Sonali Life Insurance IPO Prospectus
Sonali Life Insurance IPO details
Nature of Business
The company offers a wide variety of insurance products. As per DSEBD
the product portfolio of the company feeds the following -
a. Ordinary Life Insurance,
b. Group Insurance,
c. Islami Jibon Bima (Takaful)
Use of IPO Proceeds
- Investment in FDR & Treasury Bond : 178,000,000.00 (93.68%)
- To meet up IPO expenses: 12,000,000.00 (06.32%)
- Total Amount (BDT): 190,000,000.00 (100.00%)
Security Trading Code: SONALILIFE
Consent date of BSEC: April 22, 2021
Issue Date of Prospectus: April 27, 2021
Subscription Open: May 30, 2021
Subscription Close: June 03, 2021
Authorized Capital BDT: 1,000,000,000
Pre-IPO paid-up Capital BDT: 285,000,000
IPO size in shares: 19,000,000
IPO size in BDT at face value BDT: 190,000,000
IPO size in BDT at offer price BDT: 190,000,000
Post IPO Paid-up Capital BDT: 475,000,000
Face Value per share BDT: 10.00
Offer Price per share BDT: 10.00
Market Lot (Shares): 500 (Existing Market Lot is 1 for
trading)
NAV per share BDT: 25.47 as on December 31, 2019
Issue Manager(s):
- ICB Capital Management Limited,
- Agrani Equity & Investment Limited
Auditor: Shiraz Khan Basak & Co., Chartered
Accountants
Official Website: www.sonalilife.com
DETAILS OF SUBSCRIPTION for ELIGIBLE INVESTORS (EIs)
- Eligibility of Els for Subscription
Shall maintain a minimum investment of
Tk. 5,000,000 (Taka fifty lacs only) in
listed securities (matured securities) at
market price for approved pension funds,
recognized provident funds and approved
gratuity funds and for other Els BDT
10,000,000 (Taka one crore only) as on
the end of May 19, 2021.
Tk. 5,000,000 (Taka fifty lacs only) in
listed securities (matured securities) at
market price for approved pension funds,
recognized provident funds and approved
gratuity funds and for other Els BDT
10,000,000 (Taka one crore only) as on
the end of May 19, 2021.
- Period of Subscription
Starts at 10:00 a.m. on May 30, 2021
Closes at 5:30 p.m. on June 03, 2021
- Deposit of collateral and Subscription Fee
Starts at 10:00 a.m. on May 30, 2021
: Closes at 2:00 p.m. on June 03, 2021
- Total Fund to be raised from EIs
BDT 76,000,000
- Total Number of Shares to Offered for EIs
7,600,000
- Quota Wise Amount Distribution for EIs
Eligible Investor: BDT 57,000,000
Mutual Fund: BDT 19,000,000
- Quota Wise Share Distribution for EIs
Mutual Fund: 1,900,000
- Maximum Amount allowed for Subscription by an EI
BDT 1,520,000
Maximum Number of Shares to Offered for an EI
152,000
- Maximum Number of Subscription can be placed by an EI :
1 (One)
- Subscription Fee for an EI
BDT 3,000
- Collateral amount for an EI
100% Subscription
- Mode of payment
Pay Order/Demand Draft/ B.B. Cheque
/Cash
BANK DETAILS FOR DEPOSITING EI SUBSCRIPTION MONEY
- Account Name : Dhaka Stock Exchange Limited
- Bank Name : The City Bank Limited
- Bank Account Number : 1121063938001
- Branch Name : Any Branch in Bangladesh
DETAILS OF SUBSCRIPTION FOR GENERAL PUBLIC CATEGORIES (GENERAL
PUBLIC, AFFECTED SMALL INVESTORS AND NRB)
Period of Subscription
- Starts at 10:00 a.m. on May 30, 2021
- Closes at 05:30 p.m. on June 03, 2021
The registered stockbrokers/ merchant bankers to prepare category wise
lists of the applicants which will be within 3 working days from the
cut-off date-
- June 08, 2021
Quota Wise Amount Distribution
- General Public Quota: BDT 76,000,000
- ASI Quota: BDT 19,000,000
- NRB Quota: BDT 19,000,000
Quota Wise Share Distribution : General Public
- Quota:7,600,000
- ASI Quota: 1,900,000
- NRB Quota: 1,900,000
Minimum Investment in the listed securities (matured
securities) at market price (the close price of both
Exchanges whichever is higher)
- BDT 20,000
Cut-off date for Minimum Investment (At the close price of
exchanges)
- Wednesday, May 19, 2021
Minimum Amount allowed for Subscription
- Amount BDT 10,000 or its multiples Number of Shares 1,000
Maximum Number of Share allowed for Subscription :
- Amount BDT 50,000 Number of Shares 5,000
Brief corporate directory of the issuer
| Brief corporate directory of the issuer | |
|---|---|
| Name of the Issuer |
Sonali Life Insurance Company Limited |
|
Date of Incorporation (as a Public Limited Company) |
07 July, 2013 |
|
Date of Commencement of Commercial Operation |
01 August, 2013 |
| Authorized Capital | Tk. 1,000,000,000.00 |
|
Issued, Subscribed & Paid-up Capital |
Tk. 285,000,000.00 |
| Registered Office |
Rupali Bima Bhaban, 7 RAJUK Avenue, Dhaka-1000 |
| Corporate Office |
12 Directors (including Three Independent Directors) |
| Branch |
76 no. of branches all over in Bangladesh |
| Board of Directors |
12 Directors (including Three Independent Directors) |
| Auditor |
Shiraz Khan Basak & Co. R. K. Tower (Level- 10), 86 Bir Uttam C.R. Datta Road, (312, Sonargaon Road), Dhaka-1205 |
| Acturial Valuer |
Zafar Halim Actuary Z. Halim & Associates Empori Parkview, Flat 9A, House 1/C, Road 86, North Gulshan, Dhaka- 1212 (+88) 01713012238 |
| Legal Advisor |
Imtiaz Moinul Islam Legal Shelter, Appollo Ispat Complex, 407, Tejgaon Industrial Area, Dhaka |
| Managers to the Issue |
ICB Capital Management Limited Green City Edge (5th & 6th Floor) 89, Kakrail, Dhaka-1000 Tejgaon Industrial Area, Dhaka Agrani Equity & Investment Limited Swantex Bhaban (4th floor) 9/I, Motijheel C/A, Dhaka- 1000 |
| Compliance Officer |
Sujan Talukder (Assistant General Manager) |
| Tax Consultant |
M/S SEKANDAR ALI & ASSOCIATES 52 New Eskaton TMC Building Level-9 Bangla Motor, Dhaka – 1000 |
| Telephone and Fax number |
IP Phone: 09678200004 Fax: 8802-9565629 |
| Website and E-mail Address |
https://www.sonalilife.com e-mail: info@sonalilife.com |
| Banker for IPO |
South Bangla Agriculture and Commerce Bank Limited Principal Branch, 47, Dilkusha, Motijheel, Dhaka- 1000 |
| Location of the project |
Rupali Bima Bhaban, 7, 7, Rajuk Avenue, Motijheel, Dhaka-1000 |
| Plan ID | Plan Name |
|---|---|
| 1 | Endowment Assurance Plan With Profits |
| 2 | Anticipated Endowment Assurance Plan - 3 Stage With Profits |
| 3 | Anticipated Endowment Assurance Plan - 5 Stage With Profits |
| 4 | Ordinary Insurance Plan Without Profits |
| 5 | Money Back Term Insurance Benefit With Profit Granted |
| 6 | Child Protection Assurance Plan with Profits |
| 7 | Education Expense Assurance Plan with Profits |
| 8 | Ordinary Endowment Insurance With Profits |
| 9 | Single Premium Insurance Plan Without Profits |
| 10 | Assurance Cum Pension Plan Without Profits |
| 11 | Denmohar Bima With Profits |
| 12 | Hajj Bima With Profits |
| 13 | Monthly Savings Assurance Plan With Profit |
| 14 | Monthly Savings Micro Insurance Plan With Profit |
Public issue application process
- Step-1 (Applicant)
1. An applicant for public issue of securities shall submit an
application/buy instruction to the
Stockbroker/ Merchant Banker where the applicant maintains customer
account, within the cutoff date (i.e. the subscription closing date),
which shall be the 25th (twenty fifth) working day
from the date of publication of an abridged version of the prospectus.
2. The application/buy instruction may be submitted in prescribed
paper or electronic form, which
shall contain the Customer ID, Name, BO Account Number, Total Amount
and Category of the
Applicant.
a) Eligible investors shall submit an application through the
electronic subscription system of
the exchange(s) and deposit the full amount intended to subscribe by
the method as
determined by exchange(s).
b) The General Public, and Non-resident Bangladeshi (NRB) applicants
shall submit the
application in the electronic subscription system of the exchange(s)
through the
Stockbrokers/Merchant Bankers where the applicant maintains customer
account.
- Step-2 (Intermediary)
3. The registered Stock broker/Merchant Banker in the ESS shall:
a) Post the amount separately in the customer account equivalent to
the application money;
b) Accumulate all the applications/buy instructions received up to the
cut-off date and
transfer the amount to their respective Consolidated Customer Account;
4. The registered Stockbroker/Merchant Banker in the ESS shall prepare
category wise lists of
the applicants containing Customer ID, Name, BO Account Number and
within 3 (three)
working days from the cut-off date, upload to the ESS, the lists of
applicants in electronic
(text format with tilde ‘~’ separator) format, deposit the full amount
received from the
General Public, and Non-Resident Bangladeshi (NRB) applicants by the
method as
determined by exchange(s).
5. The application/buy instructions shall be preserved by the Stock
broker/Merchant Bankers
up to 6 (six) months from listing of the securities with the exchange.
6. The Exchanges shall prepare a consolidated list of the applications
and send the applicants’
BOIDs in electronic (text) format in a CDROM to CDBL for verification
on the next working
day. CDBL shall verify the BOIDs as to whether the BO accounts of the
applicants are active
or not, verify more than two applications by an individual; verify
more than two applications
using same bank account and investment criteria.
7. On the next working day, CDBL shall provide the Exchanges with an
updated database of
the applicants containing BO Account Number, Name, Addresses, Parent
s’ Name and Joint
Account information along with the verification report.
8. After receiving verification report and information from CDBL, the
Exchanges shall scrutinize
the applications, prepare category wise consolidated lists of valid
and invalid applications
within 5 (five) working days.
9. Within next working day, the Exchanges shall provide the
Commission, Issuer and Issue
Manager with the soft copy of subscription result.
- Step-3 (Issuer)
10. The Issuer and issue manager shall post the final status of
subscription on their websites
within 6 (six) hours and on the websites of the Commission and
Exchanges within 12
(twelve) hours of receiving information by the Commission and the
Exchanges.
11. Within 3 (three) working days of receipt of the subscription
result, the Issuer and Exchanges
shall:
a) Process pro-rata allotment of securities to the General Public, and
Non-Resident Bangladeshi
(NRB) applicants;
b) Prepare category wise lists of invalid applicants who are subject
to penal provisions as per
conditions of the consent letter issued by the Commission in
electronic (text format with tilde
‘~’ separator) format mentioning the penalty amount against each
applicant;
c) Issuer shall issue allotment letters in the names of allottees in
electronic format and
d) Issuer shall credit the allotted shares to the respective BO
accounts on the basis of allotment
data (BOID and number of securities) via their CDBL VeDAS Terminal.
- Step-4 (Intermediary)
12. On the next working day, Exchanges shall:
a) remit the amount of allotted applicants to the Issuer’s respective
Escrow Account opened for
subscription purpose;
b) send the penalty amount who are subject to penal provisions to the
Issuer’s respective Escrow
Accounts along with a list; and
c) distribute the information and allotment letters to the stock
broker/Merchant Bankers
concerned in electronic format with a request to refund the balance
application money.
13. On the next working day of receiving the documents from the
Exchanges, the
Stockbrokers/Merchant Bankers shall refund the excess application
money in the customer
accounts and inform the applicants about allotment of securities.
Miscellaneous
14. The Issuer, Issue Manager(s), Stockbrokers, Merchant Bankers and
the Exchanges shall ensure
compliance of the above.
15. The Issuer shall pay the costs related to process the Eligible
Investors allotment if claimed by
the Exchange concerned up to an amount of Tk. 2,00,000/- (Taka Two
Lac) only and Tk.
8,00,000/- (Taka Eight Lac) only for processing the applications of
General Public, and NonResident Bangladeshi (NRB) applicants.
16. The Stockbroker/Merchant Bankers shall be entitled to a service
charge of Tk. 5/- (Taka five)
only per application irrespective of the amount or category for the
service provided till
withdrawal of the money. The service charge shall be paid by the
applicant at the time of
submitting an application.
17. The Exchanges shall provide the Issuer with a statement of the
remittance.
18. The Issuer shall send the penalty amount to the Commission through
a bank draft/payment
order issued in favor of the Bangladesh Securities and Exchange
Commission.
19. The concerned Exchanges are authorized to settle any complaints
and take necessary actions
against any Stockbroker/Merchant Banker in case of violation of any
provision of the public
issue application process with intimation to the Commission.
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Sonali Life Insurance Premium Calculator
You can calculate premium easily for any policy with premium calculator. To calculate Sonali life insurance premium for sonali life insurance policies, please follow steps below-
- Go to official website - in menu bar under 'services' tab click on 'premium calculator' or click direct link given below.
- Fill date of birth, age, choose policy, policy duration, installment type, total policy amount, supplementary policy, supplementary policy duration and policy risk category.
- Finally click on premium calculation button.
- Premium result will appear on the screen. View your premium result..
Apply for a policy/claim
Apply for a policy/Apply for claim click below for direct link or
download forms-
Apply/download Official Link
Sonali Life Insurance Apps
Policy holders of Sonali Life Insurance can use the mobile app for more reliability and better performance. The policy holders can get the following facilities from this app-
- Know the policy details along with their personal details.
- Receive receipts and other certificates.
- The app can also be used to pay premiums.
- sonali life insurance video r2
To download Sonali Life Insurance App for your Android device go to Google Play Store
Sonali life insurance helpline number
For any query or help related Sonali Life Insurance product/services , please contact Customer Care with politely-
Dial: 01976625488, 01976625499
Sonali Life Insurance IPO video
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