When will Jyoti Life’s shares be listed; Trading date, day?

Kathmandu, April 5

Jyoti Life Insurance Ltd., which has recently issued an IPO and even distributed shares, are likely to be listed in the secondary market on Wednesday.

According to a source in Nepse, a file has been received for the listing of shares of Jyoti Life. Even though the listing of shares will be done today, as Nepse chief Chandra Singh Saud is out of Kathmandu, it is said that an agreement for the listing of shares of Jyoti Life may be reached by Wednesday. Saud went to Far Western region to attend program for Sunday and Monday. He will come to the office from Tuesday and then there will be a listing agreement with Jyoti Life.

For the initial trading of this company, Nepse has opened range from Rs. 120.29 to Rs. 360.87. Company’s 2 crore 20 lakh units of share will be listed on Nepse.

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 does not get the IPO of this company which has received 6.56 times more applications than the demand. In this IPO, 594,000 applicants have received 594,000 shares at the rate of 10 lots.