Makawanpur: – The primary share (IPO) of Jyoti Life Insurance Company is open from today.

The company has said that it will open the application for IPO from Sunday, but the sale has been opened from today following the request of CDS & Clearing.

The company is going to issue ordinary shares worth Rs 66 Crores  which is 30 percent of the issued capital 2 Arba and 20 Crore.

66 Lakhs shares will be issued at the face value of Rs 100 each. Out of which, the remaining 59 Lakhs and 40 thousands shares will be issued to the public after being allocated for employees and collective investment funds.

Out of the people applied for IPO, 5, 94, 000 people will get 10 Units. Recently, the number of IPO applicants has exceeded scale of 15 Lakhs, in this regard, more than 9 Lakhs people will get no any unit of share.

Applications will be available for a minimum of 10 lots and a maximum of 66,000 units in the IPO.

Furthermore, application can be submitted till Phalgun-26. Online system MyShare and application can be applied from any branch of the bank having your account.

Among the new companies, Prabhu and Reliance Life have already issued IPOs.