IPO Issue of Jyoti Life Insurance

Jyoti Life Insurance Company Ltd (JLICL) is going to issue 6600000 units IPO to the general public from Falgun 21 to Falgun 25 ie; March 5, 2021 to March 10, 2021. SEOBN has been given approval for the issuance of ordinary IPO shares of 66 lakh units worth Rs. 660000000 to general public. (Updated: 4 march) Out of which 5 percent or 333,000 units have been secured for collective investment funds and 333,000 units for employees. The general public will be able to apply for the remaining 5940000 units. Investors will be able to apply for a minimum of 10 lots and a maximum of 66,000 lots. IPO Issue Details COMPANY NAME: JYOTI LIFE INSURANCE CO. LTD SECTOR: Insurance SEBON Approval Date: 2077/11/07 TOTAL REGISTERED SHARE: 22000000 TOTAL PUBLIC ISSUE SHARE: 6600000 (30%) a) 5% of total 333000 units for Collective Investment Funds b) Remaining 5940000 units for General Public ISSUE MANAGER : NMB Capital Ltd Issue Manager Jyoti Life Insurance Ltd has appointed NMB Capi...