Check IPO Result: Jyoti Life Insurance is going to issue 66 lakh shares to the public from Falgun 23. The company will issue(66 lakh shares ) 30% of its issued capital (2.2 crores registered shares ) in the form of an IPO.NMB Capital has been appointed the issue manager for the IPO issue.
Jyoti Life Insurance Company Limited (JLIC) is a life insurance company registered 6 on May 17, 2017, at the Office of Company Registrar under the Company Act 2006 and has obtained a license from Insurance Board on September 4, 2017.
Update:
The IPO issue had received applications from 17,97,835 valid applicants. The issue was oversubscribed by more than 6.04 times. A total of 5,94,000 applicants were allotted 10 units each via lottery. 12,03,835 applicants were returned empty hands.
A total of 3,30,000 units were allotted to the staff of the company and 3,30,00 units allotted to mutual funds. 2,942 applicants were disqualified as per the issue manager. They applied for 58,010 units. Total rejected application from ASBA BFI’s is 41,703 who had applied for 25,28,650 units.
You can apply for this IPO via MeroShare app or website.
Check The Result Of Jyoti Life Insurance IPO
You can easily check the IPO result of the Jyoti Life Insurance IPO via Meroshare mobile application or Meroshare website. Due to the recent rule, private online portals are not allowed to publish the IPO result. You can go through this link to check the results once the share allotment process of the Jyoti Life Insurance IPO is done by the issue manager.
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