Jyoti Life Insurance closing IPO from today
Kathmandu, March 10
Jyoti Life Insurance Company Limited is closing the IPO issued to the general public from today onwards i.e. Falgun 26. Wednesday i.e. today is the last day to apply for the IPO of.
According to Securities Issuance and Sales Manager NMB Capital Limited, applications can be submitted for Jyoti Life’s IPO till banking hours today.
Last Friday onwards, the company has issued a total of 66 lakh IPOs at Rs 100 per unit. Out of the total, 5 percent i.e 3,33,000 has been reserved for employees and 5 percent for collective investment funds. The general public will be able to apply for the remaining 59 lakh and 40 thousand lots.
Investors can apply through C-ASBA member banks and financial institutions and my shares. In this IPO, investors will be able to apply for a minimum of 10 lots and a maximum of 66,000 lots.
According to CDSC, a total of 341.21 thousand 780 lots have been applied for in this IPO till 5 pm on Tuesday. In this regard, applications have been received for 281.81 million more than the demand till Tuesday.
The company has issued 30 percent primary shares of the total issued capital. At present, the paid-up capital of the insurance company is Rs 1.54 billion. After the IPO sale, the company’s paid-up capital will reach Rs 2.20 billion.