Jyoti Life’s share is open, it is ok to fill only 10 lots

Kathmandu. The initial public offering (IPO) of Jyoti Life Insurance has been issued from today (Friday, Falgun 21). Ordinary citizens can apply for this.

Even if the company issues 6.6 million shares equal to 30 percent of its total issued capital or Rs 660 million, the public will be able to apply for only 59.40 million shares.

Because 5 percent of the 6.6 million lots, i.e. 330,000 lots have been secured for the employees of Jyoti Life Insurance and the same amount for the collective investment funds. Applications for the company’s IPO can be submitted till Wednesday, Falgun 26.

If there are not enough applications in that period, the application can be submitted till 6th of Chaitra, but it is estimated that the number of applications will be enough by Falgun 26, said NMB Capital Limited, the disposal and sales manager.

Although it is possible to apply for a minimum of 10 lots to 66,000 lots at the rate of Rs 100 per share in the company’s IPO, it seems appropriate to apply for only 10 lots.

This is because more than 1.5 million investors have recently started applying for IPOs. As only 59 lakh 40 thousand lots can be applied for, not everyone will get shares even if they apply for only 10 lots. For this, you have to go round. Even at the rate of 10 lots, only 594,000 people will get shares.

After the IPO, the paid-up capital of Jyoti Life Insurance Company will reach Rs 2.20 billion.