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Jyoti Life Insurance IPO Result Published

Result 26 Mar 2021 174107 0

Jyoti Life Insurance IPO

Jyoti Life Insurance IPO Result Published:

Jyoti Life Insurance's IPO has been allotted. Shares of the company, which have been issued from Falgun 21 to 26, were distributed on Friday.

As per the (SEBON) Securities Issuance and Distribution Directive, 594,000 people have received shares by distributing shares at a minimum rate of 10 lots.

According to NMB Capital, out of 594,000 applicants, 5.940 million shares will be distributed in 10 shares. 

A total of 18 lakh 4 thousand 648 people have applied for 38 million 57 thousand 710 shares in Jyoti's IPO. This is 6.4 times more than the demand.

The JyotiLife Insurance Company Limited had sold 6.6 million IPOs worth Rs 660 million at a face value of Rs 100 per share from Falgun 21 to Falgun 26, 2077 BS. Out of the total issued IPOs, 5 percent (330,000 shares) were allotted to company employees and another 5 percent (330,000 shares) were allocated to mutual investment funds and 59.40 million shares to the public.

The company, which currently has a paid-up capital of Rs 1.54 billion, will reach Rs 2.20 billion after the IPO.

Detail Statement:

The Issuing Company Jyoti Life Insurance Company Limited
Issue Manager NMB Capital Limited
Security Type Common Stock -IPO
Date of Approval From SEBON 2077-11-07
IPO Issued Date 2077-11-21 to 2077-11-26
Per Unit Share Price 100
No of total Share  Rs. 220 Crores
Total IPO Share 66,00,000 Shares
Total Capital from IPO Rs. 66 Crores
Share for Staffs (5%) 330,000 Shares
Share for Mutual Investment 330,000 Shares
Share for Individual Investor (90%)  59,40,000 Shares
Total Applicants 18,04,648
Total Applications Received 3,80,57,710
IPO Result Date 2077 Chaitra 13, Friday (26th February 2021)

Summary:

START KITTA 10
END KITTA 66000
NO OF APPLICATION 18,04,648
TOTAL APPLIED KITTA 3,80,57,710
KITTA TO BE ALLOTED 10
TOTAL NO OF ALLOTEES 594000
TOTAL KITTA TO BE ALLOTED 5940000

How to Check IPO Result of JyotiLife Insurance:

Now you can check the IPO result of JyotiLife Insurance from MeroShare (www.iporesult.cdsc.com.np)

Note: The IPO result will be published on MeroShare, you can check your IPO result from MeroShare or the other two options.

Click Here to Check IPO Result

You will see this type of interface on your device and you have to fill up your BOID Number (16 digits number) and then click on the View Result Tab. 

Also Check:

CDS and Clearing Limited Launched New Website to Check IPO Result

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