IPO Alert: Jyoti Life Insurance(JLIC) Will Open Earlier 2077


Jyoti Life Insurance Company Limited(JLIC) has rescheduled its proposed (IPO)Initial Public Offering. The issue was previously set to open on 23rd Falgun(फाल्गुन २३) and close on 28th Falgun(फाल्गुन २८), 2077. However, the issue will now open on Falgun 21(फाल्गुन २१ ), i.e. this Friday for technical reasons. As such, the IPO(Initial Public Offering) will close on Falgun 26(फाल्गुन २६). If the issue is not fully subscribed, the deadline can be extended to Chaitra 06(चैत ६).

IPO Alert: Jyoti Life Insurance(JLIC) Will Open Earlier 2077

The company had submitted an application to SEBON requesting to issue 30% of its issued capital in the form of an IPO(Initial Public Offering). SEBON approved the application on Falgun 07(फाल्गुन ७). NMB Capital has been appointed the issue manager for the proposed IPO(Initial Public Offering) issue.

The company has a total of 2.2 crore registered shares of which 66 lakh shares will be issued in the upcoming IPO(Initial Public Offering). Thus, the IPO(Initial Public Offering) will raise a total of Rs. 66 crores in paid-up capital.

5% of the issue, i.e. 3,30,000 units have been set aside for the employees of the company and another 5% to mutual funds. The remaining 59,40,000 units are purely for individual investors. Investors can apply for a minimum of 10 units and a maximum of 66,000 units.

Major shareholders of the company are Mr. Nitesh Agrawal (18.18%), Ms. Usha Agrawal (18.18%), and NIC Asia Bank Limited (9.74%).

Also, you can apply Online from meroshare.

Read Also: Sunrise Bluechip Fund IPO Open from Chaitra 01 2077

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