Jyoti Life’s IPO to be distributed today at 12:30 PM; 594,000 applicants to receive shares

Kathmandu, March 26

The IPO of Jyoti Life Insurance will be distributed today (Friday) at 12:30 pm. The IPO distribution will be held at the office of sales manager NMB Capital, Nagpokhari, Kathmandu.

The IPO of this company will be won by 594,000 people at the rate of 10 lots. The company has issued IPO to the public from Falgun 21 to Falgun 26. Out of the total 66 lakh shares allotted to the public by the company, only 59 lakh 40 thousand shares have been issued to the public. Out of the total, 333,000 at the rate of 5 percent has been reserved for the employees of the company and 5 percent for the collective investment fund.

CDS and Clearing Limited has informed that 18 lakh 32 thousand 958 people have applied for the IPO of the company till 5 pm on the last day. A total of 3 crore 89 lakh 96 thousand 550 shares have been demanded from these applicants.

More than 12 lakh investors will not get the IPO of this company which has received 6.56 times more applications than the demand.