IPO Shares of Jyoti Life Insurance to Trade from Tomorrow; What is the Opening Range?

Tue, Apr 6, 2021 1:54 PM on IPO/FPO News, Share Listed, Latest,

The IPO shares of Jyoti Life Insurance Company Limited are now listed in NEPSE.

The company closed its IPO issue to the general public on 26th Falgun, 2077. This IPO issue was opened from 21st Falgun. The company has a total of 2.2 crores registered shares of which 66 lakh shares were issued in this IPO. Thus, the IPO raised a total of Rs. 66 crores in paid-up capital. 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. Thus, the issue was oversubscribed by over 6.4 times. This IPO broke all previous records to be the one with the most applications received.

The opening range for the first transaction is from Rs. 120.29 to Rs. 360.87. If the first transaction is made in the pre-open session, the stock will trade from tomorrow itself. The shares are already deposited to Demat accounts of allottees.