Jyoti Life Seeks SEBON Proposal for IPO Issue

Dec 08, 2020 05:32 PM Merolagani

Jyoti Life Insurance has sought approval from Securities Board of Nepal (SEBON) to issue initial public offering (IPO) on December 4.

The company will issue 30 percent i.e. 6.6 million units of primary shares worth Rs 660 million to the general public.

The existing Rs 1.54 billion in paid-up capital will increase to Rs 2.20 billion after the IPO.

The company has appointed NMB Capital as its issue manager.

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