Share of the Jyoti Life Insurance company, which has been in circulation since March 7, was distributed on Friday.
As per the Securities Issuance and Distribution Directive, five lakh 94 thousand people have received shares by distributing shares at a minimum rate of 10 units.
A total of Eighteen lakh forty-two thousand four hundred and Eighty(18,42,480) applications were made for the company’s IPO. Out of them, seventeen lakh seventeen thousand and eight hundred thirty five(17,17,835) applications have been approved and 44,645 applications have been rejected. Out of the eligible applications, 12,03,835 people have been left empty-handed.
The company had issued 6.6 million shares, equivalent to 30 percent of the issued capital of Rs 660 million, from March 7 to 8. Of that, 5 percent or 330,000 shares were secured for employees and another 5 percent or 330,000 shares for collective investment funds were secured and the remaining 59.40 million shares were allotted to the public.
The general public will be able to view the results by visiting the link of official Mero Share, CDC’s new website, the company’s website, and NMB capital’s website.