Kathmandu. The issuance of ordinary shares (IPO) of Jyoti Life Insurance Company has been postponed. Now, the IPO of this company will be launched on 21 Falgun 2077 (March 5 (Friday).

According to IPO issuance and sales manager NMB Capital Limited, CDS & Clearing has been postponed due to heavy workload on Sunday and low load on Friday. The IPO will be launched on Friday at the request of CDS.

The company is about to issue 6.6 million IPOs worth Rs 660 million. Out of the total 6.6 million shares to be issued by the company, 5 percent or 333,000 shares have been secured for employees and another 5 percent for collective investment funds. The general public can apply for the remaining 5.94 million shares.