Jyoti Life Insurance issuing IPO from March 5

Kathmandu, March 3

Jyoti Life Insurance Company Ltd. is issuing its IPO from March 5. Before this the company marked the date for March 7 to issue its IPO. However, on Friday i.e. March 5 the company will issue its IPO. Company will be issusing 6,600,000 units of public initial offerings (IPO) worth Rs 660,000,000.

According to the company, 333,000 (5%) units of the total IPOs of shares have been allotted for staffs of the company and the same amount of shares (5%) have been put aside for collective investment fund.

From March 10 to March 19, general people can subscribe for 5,940,000 units of shares. The applicants can apply for minimum 10 units of shares to maximum 66,000 units of shares.

Currently, Rs 1,540,000,000 is the company’s paid-up capital. With the allotment of the IPO, its paid-up capital will reach Rs 2,200,000,000.

The issue manager of Jyoti Life Insurance Ltd. is NMB Capital Limited.