Jyoti Life Insurance Company Limited is issuing 6,60,000 units of shars as the IPO from today.
Out of total offered units of shares 10% are set aside for employees and mutual funds. The company had set 5% units of shares (330,000 units) for the employees of the company while another 5% for mutual funds.
The applications will be closed on 26th Falgun 2077 BS. Applicants can apply for a minimum of 10 units of share up to 66,000 units using their DMAT account via bank or meroshare portal.
NMB Capital Limited is the IPO Issuance manager for this IPO.
CARE Ratings Nepal Limited (CRNL) has assigned CARE-NP BBB (Is) rating to Jyoti Life Insurance Company. This is considered to offer a moderate degree of safety carrying moderate credit risk.
Jyoti Life Insurance Company Limited IPO Details
| Issuing Company | Jyoti Life Insurance Company Limited |
| Issue Manager | NMB Capital Limited |
| Security Type | Common Stock IPO |
| SEBON Approval Date | 7th Falgun 2077 BS. |
| IPO Open Date | 21 Falgun 2077 BS. |
| IPO Close Date (Early) | 26 Falgun 2077 BS. |
| IPO Close Date (Lately) | 6th Chaitra 2077 BS. |
| No. of Total Share | NRs 220 Crores |
| Per Unit Share Price | NRs 100 |
| Total IPO Share | 66,00,000 |
| Total Share Registered | 2,200,000,000 |
| Total Capital from IPO | NRs. 66 Crores |
| % of Issued Capital | 70% |
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