Jyoti Life Insurance Company Limited has opened its IPO from 21st Falgun. According to the issue manager NMB Capital, the IPO has received 11,59,703 applications for a total of 2,53,46,410 units. It is already oversubscribed both in terms of the number of applications and units. This means that the lottery is confirmed for 10 units each to 5,95,000 applicants and those who have not applied till now may apply only for 10 units.

This IPO issue will close on 26th Falgun, 2077.

The company has a total of 2.2 crore registered shares of which 66 lakh shares have been issued in this IPO. Thus, the IPO will raise a total of Rs. 66 crores in paid-up capital. 5% of the issue, i.e. 3,30,000 units have been set aside for the employees of the company and another 5% to mutual funds. The remaining 59,40,000 units are purely for individual investors.