There is good news for the Investors who are waiting for the Initial Public Offering IPO. Nowadays many Insurance companies and other companies are issuing the Initial Public Offering (IPO). Jyoti Life Insurance is going to issue IPO to the public from Falgun 21, 2077 (Friday, March 5, 2021). Earlier, it had planned to issue primary shares on March 7.The IPO issue and sale manager is NMB Capital Limited.
The company has a total of
2.2 crore registered shares of which 66 lakh shares will be issued in the
upcoming IPO. Thus, the IPO will raise a total of Rs. 66 crores in paid-up
capital.
Of the total IPOs issued,
333,000 (5%) units of shares have been allotted for staffers of the company and
the same amount of shares (5%) have been put aside for collective investment
fund.
CARE Ratings Nepal Limited
(CRNL) has assigned the ‘CARE-NP BBB (Is)’ rating to Jyoti Life Insurance
Company Limited (JLIC).
Investors will be able to
apply for a minimum of 10 Shares to 66,000 Shares.
IPO Close Date (Early):
2077-11-26 (Banking Hours)
IPO Close Date (Lately):
2077-12-06 (Banking Hours)
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