Jyoti Life Insurance Company Limited has closed its IPO issue to the general public today i.e. 26th Falgun, 2077. This IPO issue was opened 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. Thus, the IPO will raise a total of Rs. 66 crores in paid-up capital.
5% of the issue, i.e. 3,30,000 units were set aside for the employees of the company and another 5% to mutual funds. The remaining 59,40,000 units were purely for individual investors.
NMB Capital was the issue manager for the proposed IPO issue. According to CDSC, 18,04,648 applicants have applied for a total of 3,80,57,710 units. This is the data as of 5 pm after the issue concluded. Thus, the issue is oversubscribed by over 6.4 times.