10/10 shares of Jyoti Life to 5 lakh 94 thousand

KATHMANDU: FRIDAY, MARCH 26, 2021 – The initial public offering (IPO) of Jyoti Life Insurance has been allotted. Shares of the company, which was expelled from Falgun 21 to Falgun 26, were distributed on Friday.

The company’s shares have been received by 594,000 people at a minimum rate of 10 shares. The hands of 12 lakh 3 thousand 8 hundred 35 people have been emptied. A total of 1,842,480 applications were submitted and 1,797,835 applications were approved.

The company had issued 66 lakh shares, equivalent to 30 percent of its issued capital or Rs 66 crore. Of that, 5 percent or 330,000 shares were issued to employees, 330,000 shares to collective investment funds and 59 lakh 40 thousand shares to the public.

The results of the IPO can be viewed on My Share, CDSC’s new website, the company’s website and the sales manager’s website, the company said.