Deadline for IPO of Jyoti Life. Last Day to Apply

Tutor Chetan

Jyoti Life Insurance

IPO Deadline to Apply


Today (Wednesday, March 10) is the last day to apply for the ordinary share (IPO) of Jyoti Life Insurance Company Limited.

As of 5 pm on Tuesday, the company's IPO has received applications from 1,570,414 applicants for the purchase of 33,467,570 shares. This is 5.63 times more than the 5.94 million deported to the public. The company has opened the issue and sale of 6.6 million ordinary shares (IPO) at a face value of Rs 100 per share since Friday, March 7. Out of which 5 percent or 330,000 units have been allotted to collective investment funds, 330,000 units to employees and the remaining 59.40 lakh units to the general public.

In this IPO, investors will be able to apply for a minimum of 10 lots and a maximum of 66,000 lots.
Similarly, NMB Capital Limited has acted as the issue and sale manager to make the ordinary shares public. Investors can apply from participating banks and financial institutions and their branch offices for all C-ASWA services approved by NMB Capital Limited, Naxal, Kathmandu, Jyoti Life Insurance Company Limited and Nepal Securities Board. They can also apply through My Share app and My Share software.

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