Nepal Securities Board (Cebon) has given permission to Jyoti Life Insurance Company Limited to issue IPO. The board paid Rs 660 million to the insurance company 6.6 million IPO kitta have been allowed. At present, Jyoti's paid up capital is Rs 1.54 billion.
After the IPO sale, the capital will reach Rs 2.20 billion. Jyoti Life has earned a net profit of Rs 107.8 million in the second quarter of the current fiscal year. The reserve fund has Rs. 482.4 million. At present, its earnings per share is Rs 14 (annual) and net worth per share is Rs 134.81.
The board has given permission to the company to issue IPO on Feb 2019. Insurance has appointed NMB Capital as its IPO sales manager.
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