Jyoti Life’s Listing Process in Final Stage; High Chances of Trading Commencement by this week

Apr 04, 2021 01:31 PM Merolagani

The listing process of Jyoti Life Insurance has reached the final stage.

As per Nepal Stock Exchange (NEPSE), it is forwarding the listing process to complete within next 2/3 days.

Moreover, CDS and  Clearing (CDSC) has already transferred the shares with a code (JLI) in the respective Demat accounts of the shareholders.  

Jyoti Life issued 6.6 million units of primary shares worth Rs 660 million from March 5-10. Out of the total offered units, the company had secured 5 percent i.e. 333,000 units each to employees and mutual funds. The general public could apply for the remaining, 5,940,000 units of shares.

The company allotted the IPO on March 26 in which a total of 594,000 applicants were provided 10 units of shares through lottery.

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