As you are reading this, the Jyoti Life Insurance IPO result has already been published. Let’s be honest; you are curious to check your IPO result, and so is everyone. And you are in the right place where you can learn how to check the result of your IPO without any error or trouble. Just have a little bit of patience and see it will be really worth it.
Everyone is tired of the constant overloading of the Meroshare website, which the majority of people prefer. The site takes a long time to load and it make take a day just to check your IPO result. You don’t have to worry about that problem anymore.
Basically, we are here to help you. We will teach you an easy method by which you will instantly check the result of your IPO. It will literally save your time and your constant effort. So, here is how you can check it easily
What is Jyoti Life insurance?
Before focusing on the IPO, let’s know about the company. Jyoti Life Insurance is a public limited company established in July 2017 under Company Act 2063 and Insurance Act 2049. The institution’s main aim is to reach out all over the parts of Nepal and provide insurance services to all Nepali citizens.
The company has an authorized capital of 300 crores with paid-up capital of 154 crores. It issued IPO worth 66 crores, thus making the company’s total issued capital 220 crores.
Jyoti Life Insurance Company issued 66 lakhs units of IPO on 5th March 2021. NMB Capital was appointed as the issue manager by the company. According to the reports, 1804648 people applied for the IPO. The IPO is oversubscribed by over 4 times.
Care Rating Nepal Limited gave this company a rating of BBB. Issuers with these ratings are considered to provide a moderate degree of safety. Such issuing company carries moderate credit risk.
The company is distributing its shares on Friday, 5th Chaitra 2077. Lucky 594000 applicants will receive 10 units of share, and the remaining others will go empty-handed. The number of people applying for the IPO has increased rapidly in recent times.
How To Check Jyoti Life Insurance IPO Result
Previously, there were many websites to check the IPO result like Sharesansar, Merolagani, Nepali paisa, etc. But due to the new rule of CDSC, you can check the result by only three websites. They are as below:
Mero share Website
You can check your result easily with this site. Due to the constant overloading and technical issues, Team CDSC has launched its new Meroshare IPO Result website. Just click on the link and check your IPO easily without any error.
Issuing Company Website
Another way of checking is IPO result is by visiting the website of Jyoti Life Insurance. Click on the link given below, which will instantly take you to the company website. Then type your BOID number provided by your broker or bank and check your IPO. If you are lucky, you will be allotted and if you are no,t then I guess you have to try the next IPO.
Click the Link to Check Your IPO Result: Jyoti Life Insurance IPO Result.
Issue Manager Website
The company has appointed NMB Capital as its issuer. So, you have to visit the NMB Capital website and type your BOID number to check your result.
Click the link to visit their website: NMB Capital Website To Check IPO.