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KATHMANDU: The IPO of Jyoti Life Insurance has received 11,59,703 applications for a total of 2,53,46,410 units, as per NMB Capital, the issue manager for the proposed IPO issue.
The issue is already oversubscribed both in terms of the number of applications and units. This means that the lottery is confirmed for 10 units each to 5,95,000 applicants and those who have not applied till now may apply only for 10 units.
Jyoti Life Insurance Company Limited has opened its IPO from 21st Falgun. The company has a total of 2.2 crore registered shares of which 66 lakh shares have been issued in this IPO.
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