Ajod Insurance Limited (AJOD) has registered a net profit worth of Rs 2.31 crore till the second quarter of FY 2076/77 which was Rs.1.23 crore for the corresponding quarter of FY 2075/76.
The non-life insurance company has been able to generate Rs 1.23 crore from the investment, loans and other incomes and Rs 16.77 crore from net premiums. During the review period, the non-life insurance company has collected Rs 5.78 crore as the reinsurance commission.
The insurance company has a paid-up capital of Rs 70 crore with Rs 2.79 crore in the reserves and Rs 4.21 crore in the insurance fund.
The company has issued 52,954 insurance policies till this quarter. Its annualized EPS stands at Rs 6.62 with Net worth per share at Rs 110.76.
Second Quarter Report
Ajod Insurance Company will be issuing 30 lakh units shares at Rs 100 per share as Initial Public Offering (IPO) to the General Public. It has appointed NIBL Ace Capital as the issue manager for the IPO issuance.