Jyoti Life Insurance company is floating IPO (Initial pubic offering) from today, 21 Falgun 2077. The issue will be closed on 26 Falgun 2077.
Jyoti Life is floating issuing 66,00,000 units at the rate of Rs.100 for general public. Out of which company have reserved 5% or 330,000 units for employees and 5% or 330,000 units for existing mutual fund. Remaining 5,94,000 units are issuing for general public.
Interested applicant can apply for minimum 10 units & maximum 66,000 units from all C-ASBA approved bank & financial institutions.
NMB Capital has been managing the issue.
Company’s paid up capital will reached to 2.20 arba after IPO.