Tutor Chetan
Upcoming IPO News
Jyoti Life Insurance
Notices:
Jyoti Life Insurance is going to issue IPO to the public from Faulgun 23, 2077 (Sunday, March 7, 2021). The IPO issue and sale manager is NMB Capital Limited. Interested applicants can apply through C-ASWA member banks and financial institutions and MeroShare.
At present, the paid-up capital of the insurance company is Rs 1.54 billion. After the IPO allotment, the paid-up capital of the insurance company will reach Rs 2.20 billion. The company is about to issue 6.6 million IPOs worth Rs 660 million. Out of the total 6.6 million shares to be issued, the JyotiLife Insurance Company has secured 5 percent or 333,000 shares for employees and another 5 percent for collective investment funds. The general public will be able to apply for the remaining 5.94 million shares. The company is going to issue 30 percent of the total issued capital.
Applications for the IPO can be submitted as early as Falgun 28 and as late as Chaitra 8, 2077. Investors will be able to apply for a minimum of 10 Shares to 66,000 Shares.
In the credit rating for IPO issuance, Care Rating Nepal has given the insurance a Care NP Triple B Issuer rating. This indicates that it is moderately safe to meet financial obligations on time.
