March 26, Kathmandu - Jyoti Life Insurance has issued an IPO. Sales Manager NMB Capital today issued an IPO of Jyoti Life Insurance. A total of 1,842,480 applicants had applied for the IPO, which has been open to the public since March 5.  Among which,  the applications, 44,645 have been rejected.

Shares have been distributed by including 17 lakh 97 thousand 835 eligible applicants in the round. Chief Executive Officer (CEO) of NMB Capital, Shrijesh Ghimire, informed that out of the eligible applicants, only 594,000 investors received shares at the rate of 10 lots. According to him, out of the 1.248 million applicants, the hands are empty.

The company has issued 6.6 million shares at the face value of Rs 660 million. Of which, five percent or 333,000 units were set aside for collective investment funds, and 333,000 units were secured for employees.

Similarly, the general public had applied for the remaining 5.94 million lots. Investors could apply for a minimum of 10 lots and a maximum of 66,000 lots. After the IPO sale and distribution, the company's paid-up capital will reach Rs 2.20 billion. The company's IPO was open for sale for a total of six days due to Women's Day on March 8 and public holiday on Saturday. The results of the IPO can be viewed on Mero share, a website developed by CDS for the IPO results, and on the website of sales manager NMB Capital.