Jyoti Insurance closed IPO with oversubscribed over 6.4 times
Kathmandu, March 11
Jyoti Life Insurance Company Limited has closed its IPO issue to the general public on Falgun 26.
The company’s IPO was opened from Falgun 21, where the issue is oversubscribed by over 6.4 times till the conclusion date. The company has a total of 2.2 crore registered shares of which 66 lakh shares have been issued in this IPO. Thus, the IPO will raise a total of Rs. 66 crores in paid-up capital. 5% of the issue, i.e. 3,30,000 units were set aside for the employees of the company and another 5% to mutual funds. The remaining 59,40,000 units were for the general public.
According to CDSC, 18,04,648 applicants have applied for a total of 3,80,57,710 units, which is the data as of 5 pm after the issue concluded.
NMB Capital was the issue manager for the proposed IPO issue.
- Industries Warn of Raw Material Exports Threatening Domestic Manufacturing, Urge Prime Minister to Intervene
- Nepal Rastra Bank Makes National ID Update Mandatory for Mobile Wallet Users by Mid-October 2026
- Nepal Supreme Court Rejects Legal Recognition of Ncell’s 80% Share Transfer, Orders Regulatory Action
- NEPSE Climbs 7.90 Points as Daily Turnover Surpasses Rs. 6 Billion
- Government Moves to End Exploitation in Foreign Employment, Reviews ‘Free Visa, Free Ticket’ Policy
- Nabil Bank Wins Three Prestigious Euromoney Awards, Named Nepal’s Best Bank
- Finance Minister’s Secretariat Urges Investors to Ignore Market Rumors, Says Regulatory Reforms Underway
- Nepal Rastra Bank Eases Margin Lending Rules, Allows Up to 80% Loan Against Strong Shares
- Kathmandu Court Grants Bail to Dipak Bhatt and Sulabh Agrawal in Securities and Insurance Fraud Cases
- Nepal Buildcon International Expo Concludes Successfully in Kathmandu
Comments