The IPO will remain open until March 10th. Of the total 6.6 billion shares of the group, 5% make up a total of 330,000 shares of the company’s employees, a certain percentage is secured and 5% is allocated to each other’s money. The remaining 5.94 million shares were open to the public.
Jyoti Life Insurance has appointed NMB Capital Limited as Managing Director of OPI.CARE Ratings Nepal Limited (CRNL) and gave JLIC a “CARE-NPBBB (Is)” rating. This value provider is believed to provide maximum security by complying with its obligations on time in Nepal.
Lenders have moderate credit risk. After the IPO, the company’s share distribution will change by 70% of the shares and 30% of the total shares. Jyoti Life Insurance’s IPO has the same potential as other recent IPO registrations, as investors are excited to roll out the largest IPO in the country.