The result of Jyoti Life Insurance Company Limited (JLIC) is out today.
The issue had received 17,97,835 applications that was applied for 3,58,99, 360 units of shares. The issue was oversubscribed with over 6 times.
A total os 5,94,000 applicants were alloted with 10 units shares to each where as the remaining 12,03,835 applicants were returned empty hands according to the issue manager.
With NMB Capital Limited as the IPO Issuance manager, Jyoti Life Insurance had issued the IPO for 6.6 million units of share from 21st Falgun 2077.
The minimum units of share for purchase is 10 which is up to 66,000 to the maximum.
The IPO price of 1 unit of share of Jyoti Life Insurance is NRS 100.
Jyoti Life Insurance Company Ltd. is rated as CARE-NP BBB (Is). This is considered to offer moderate degree of safety regarding timely servicing of financial obligations in Nepal.
Jyoti Life Insurance IPO Result
| Issuing Company | Jyoti Life Insurance Co. Ltd. |
| Issue Manager | NMB Capital Ltd. |
| Total Number of Applicants | 17,97,835 |
| Total Alloted | 5,94,000 |
| Not Alloted | 12,03,835 |
How to Check Jyoti Life Insurance IPO Result:
The result of Jyoti Life Insurance IPO has released recently. You can check your Jyoti Life Insurance IPO allotment status result inside your meroshare account. You can learn how to check IPO result by clicking here.
