Jyoti Life Insurance IPO Result Published (Share Allotment):
Jyoti Life Insurance's Initial Public Offering (IPO) result published on 2077 Chaitra 13, Friday (26 March 2021), 12:30 PM. As per the Securities Issuance and Distribution Directive, 594,000 people have got shares by distributing shares at a minimum rate of 10 shares.
Jyoti Life Insurance Company had received the date for the allotment of shares on Friday the 13th of Chaitra, 2077. CDSC has given the time of Chaitra 13 for the allotment of shares of the company. NMB Capital, the sales manager, said that the preparations for the distribution of the company's shares have reached the final stage.
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.
JyotiLife's IPO application is the highest number of IPO applications so far. Earlier, 1.549 million people had applied for the IPO of Mahila Laghubitta Bittiya Sanstha.
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.
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