Sanima Capital Limited

What Sanima Capital Limited does

Sanima Capital Limited is a Nepal-domiciled merchant banking and investment banking firm headquartered in Kathmandu, operating as a wholly-owned subsidiary of Sanima Bank Ltd. The company is licensed by the Securities Board of Nepal (SEBON) to provide a full suite of capital-market services to both corporate issuers and individual investors within Nepal's domestic market. Its core offerings span the securities issuance and post-trade lifecycle, including issue management for IPOs and rights offerings, securities underwriting, depository participant (DP) services for share dematerialization, registrar to share (RTA/RTS) services, portfolio management for high-net-worth clients, investment banking and M&A advisory, and mutual fund distribution including systematic investment plans (SIPs).

The company's product architecture is structured around three pillars: capital market services (Issue Management, Underwriting, DP, RTA/RTS), investment and wealth management (Portfolio Management, Advisory, Mutual Fund), and integrated account services (3-in-1 Account combining trading, demat, and bank facilities, plus an online SIP portal at sip.sanimacapital.com). The technology footprint is modest — there is no disclosed proprietary AI or ML capability, and the digital infrastructure is largely confined to a web-based SIP platform and a corporate website built with support from InfoDevelopers Pvt. Ltd.

Sanima Capital's business model is built on a mix of transaction fees (underwriting, DP, mutual fund distribution), professional services fees (issue management, advisory, RTA), and recurring AUM-linked revenue (portfolio management, mutual fund management fees). It serves two customer segments — corporate clients accessing capital-raising and advisory services, and retail/HNI investors using demat, SIP, and portfolio management products — distributed primarily through direct corporate engagement and via the parent's Sanima Bank branch network. With a lean team of 11 employees, the firm is a small-scale, domestic-focused capital markets intermediary whose revenue potential is anchored to Nepal's issuance and trading activity.

Name

Sanima Capital Limited

Legal name

Sanima Capital Ltd.

Website

https://sanimacapital.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Sanima Capital Limited is a SEBON-licensed Nepalese merchant and investment banking firm, wholly owned by Sanima Bank Ltd., offering issue management, underwriting, depository, registrar, portfolio management, advisory, and mutual fund services to corporate issuers and retail investors in Nepal.

Ownership category

akta.pro rank

Product category

Merchant and Investment Banking

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Capital Raising Advisory (Equity & Equity-Linked) (FSAEAGAC)

akta.pro secondary industries

Registered Investment Advisor (RIA) Wealth Management (FSAEABAA), Sub-Accounting & Platform Servicing (Omnibus, Intermediary/NSCC, Retirement Platforms) (FSAAAMAI), Equity-Linked Liability Management (Buybacks/Tender Offers/Exchange Offers) (FSACAAAL)

Keywords

• Merchant banking services
• Investment banking services
• Securities underwriting
• Portfolio management services
• Mutual fund distribution

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Issue Management: Services related to managing and facilitating securities issuance for corporate clients, including IPO management and right shares.
2. Securities Underwriting: Underwriting services for securities offerings, providing guarantee and risk assumption for issuers.
3. Depository Participant Services: DP services for share dematerialization and custody, serving as an intermediary with CDS and Clearing Limited.
4. Registrar to Share Services (RTA/RTS): Registration and transfer agent services for listed companies, managing shareholder records and transfers.
5. Portfolio Management Services: Discretionary and non-discretionary portfolio management for high-net-worth clients.
6. Advisory Services: Investment banking and financial advisory services for corporate clients including M&A advisory, valuations, and strategic consulting.
7. Mutual Fund Distribution: Distribution of mutual fund products including systematic investment plans (SIP) for retail investors.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels1 record

Core offering

Sanima Capital Limited is a Nepal-based SEBON-licensed merchant and investment banking firm that provides capital market services including securities issue management, underwriting, depository participant (DP) services, registrar and transfer agent (RTA/RTS) services, portfolio management, financial advisory, and mutual fund distribution. The firm operates as a wholly-owned subsidiary of Sanima Bank Ltd. and serves both corporate issuers/institutional investors and retail investors through a combination of direct relationship-based services and an online SIP portal.

Product overview

Sanima Capital Limited operates as a merchant and investment banking services provider and is a wholly-owned subsidiary of Sanima Bank Ltd., licensed by SEBON (Securities Board of Nepal). The company offers a comprehensive suite of financial services organized around three core pillars: capital market services (Issue Management, Securities Underwriting, Depository Participant, RTA/RTS), investment and wealth management (Portfolio Management Services, Advisory Service, Mutual Fund), and integrated account services (3 in 1 Account, SIP platform). These products work together to provide end-to-end merchant banking capabilities from securities issuance through portfolio management to investor services.

Differentiator

Problem solved

Functional benefit

Products and services

• Issue Management

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• Securities Board of Nepal (SEBON)coreOthersRegulatory licensing and oversight body for merchant banking and investment banking operations in Nepal. Sanima Capital operates as a SEBON-licensed entity providing securities-related services.
• CDS and Clearing LimitedcoreTechnology or IntegrationAs a Depository Participant, Sanima Capital interfaces with CDS and Clearing Limited for share dematerialization, settlement, and clearing services in Nepal's securities market.
• Nepal Rastra BankminorOthersCentral bank of Nepal providing regulatory oversight of the banking and financial sector. Sanima Bank falls under NRB supervision.
• Merchant Banking Association of NepalminorOthersIndustry association for merchant banking firms in Nepal. Sanima Capital is listed as a member, participating in industry advocacy and standards.

Recent moves5 records

Expansion highlights3 records

Direct peers

• Kumari Capital Limited: Wholly-owned merchant banking subsidiary of Kumari Bank, providing securities underwriting, portfolio management, mutual fund distribution, and depository services. Directly comparable product mix and bank-affiliated structure.
• StockBridge Securities Limited: Securities firm in Nepal offering share registration, mutual fund distribution, and capital market services. Comparable in scope and target market.
• Prera Capital Limited: Merchant banking firm in Nepal providing securities underwriting, portfolio management, and capital market advisory. Comparable in service mix and operating geography.
• NIBL Capital Markets Limited: Merchant banking subsidiary of Nepal Investment Bank Limited, offering underwriting, issue management, DP, RTA, and portfolio management services. Closest structural analog to Sanima Capital as a bank-affiliated merchant banking subsidiary in Nepal.
• Nepal SBI Merchant Banking Limited: Merchant banking subsidiary of Nepal SBI Bank Limited, providing share registration, DP, mutual fund, and underwriting services. Comparable in structure (bank-affiliated) and product offerings within Nepal's capital markets.
• Himalayan Capital Limited: Merchant banking and securities firm in Nepal offering mutual fund management, portfolio management, and issue management. Directly comparable in services and target market to Sanima Capital.
• Civil Capital Market Limited: Merchant banking arm of Civil Bank, offering mutual fund management, portfolio management, and securities services. Comparable as a domestic bank subsidiary with similar scope of merchant banking operations.
• Imperial Securities Limited: Securities and merchant banking firm in Nepal offering brokerage, underwriting, and depository services. Comparable in product offerings and Nepalese market focus.

Others

• Sanima Bank Limited: Parent company of Sanima Capital. Provides commercial banking services and the institutional backbone for the subsidiary. Relevant for understanding the parent's role, but not a direct competitor to the merchant banking subsidiary.

Broad incumbents

• ICICI Securities Primary Dealership Limited: Large Indian broker-dealer and merchant bank offering underwriting, portfolio management, and advisory services. Relevant as a regional benchmark for merchant banking business model, though operating in a much larger market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/sanima-capital-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sanima Capital Limited