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 Capital as an issue manager. Jyoti Life Insurance has appointed NMB Capital Limited as the manager of the issue and sale of ordinary shares worth Rs 660 million.
Jyoti Life Insurance IPO Issue | Jyoti Life IPO | Latest IPO Issue | New IPO News of Insurance
Jyoti life Insurance IPO Offering Notice
Jyoti Life Insurance Bonus Rate FY 2075/76
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