Jyoti Life Insurance Company Limited to issue IPO for 66 Lakh Shares:
Nepal Securities Board (Cebon) has given permission to Jyoti Life Insurance Company Limited to issue IPO. The board has allowed the insurance company to issue 6.6 million IPOs worth Rs 660 million.
The board has given permission to the company to issue an IPO on Falgun 7, 2077. Jyoti Life Insurance has appointed NMB Capital as its IPO sales manager.
The paid-up capital of the insurance company, which is currently Rs 1.54 billion, will reach Rs 2.20 billion after the IPO.
In the rating given by the company for IPO issuance, Care Rating Nepal has got the ‘Care NP BBB’ rating.
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