The SuryaJyoti Life Insurance promoter share auction is closing today, 28th Baisakh 2083. With 8,87,825 units on offer at a minimum bid of Rs 165 per Kitta, here is your complete guide to understanding the auction, placing your bid, and what happens next — before time runs out.
What is the SuryaJyoti Life Insurance Company Limited promoter share auction?
SuryaJyoti Life Insurance Company Limited is currently conducting a promoter share auction for 8,87,825 units (Kitta) of its promoter shares. This auction is being managed by NIC Asia Capital Limited, one of Nepal’s leading merchant banking and capital market institutions, headquartered at Thapathali, Kathmandu.
Promoter share auctions in Nepal are regulated events under SEBON (Securities Board of Nepal) guidelines where locked-in promoter shares are offered to eligible buyers through a competitive bidding process. This is one of the most sought-after investment opportunities in the Nepali capital market because it allows investors to acquire shares below or at market price through a transparent bidding mechanism.
Today — 28th Baisakh, 2083 BS — is the final and closing day of this auction. If you have not yet submitted your application, this is your last chance.
Complete auction details at a glance :
| Company name | SuryaJyoti Life Insurance Company Limited |
| Auction type | Promoter share auction (competitive bidding) |
| Total units on offer | 8,87,825 Kitta (units) |
| Minimum bid price | Rs 165 per Kitta |
| Minimum application size | 5,000 Kitta |
| Minimum bid amount | Rs 8,25,000 (5,000 × Rs 165) |
| Auction opening date | 21st Baisakh, 2083 BS |
| Auction closing date | 28th Baisakh, 2083 BS (TODAY) |
Deadline alert: The auction closes at end of business today, 28th Baisakh 2083. Applications submitted after the closing time will not be processed under any circumstances.
Who can participate and how to apply for the SuryaJyoti promoter share auction today ?
Promoter share auctions in Nepal are generally open to institutional investors, companies, and individuals who meet SEBON eligibility requirements and hold a valid DEMAT account with CDS and Clearing Limited (CDSC). If you have participated in NEPSE share trading before, you are likely eligible.
Step-by-step guide to applying on closing day
Step 1 — Verify eligibility: Confirm your DEMAT account is active and your bank account linked for settlement is in good standing.
Step 2 — Decide your bid price: Your bid per Kitta must be a minimum of Rs 165. Bidding higher increases your chances of allotment, as shares are allotted from the highest bid downward.
Step 3 — Decide your quantity: You must apply for a minimum of 5,000 Kitta. Calculate your total bid amount (Quantity × Bid Price) and ensure funds are available.
Step 4 — Visit NIC Asia Capital Limited: Go to their office at Thapathali, Kathmandu. Carry your citizenship document, DEMAT account number, and bank account details.
Step 5 — Submit the bid form: Complete the official bid application form and deposit the required bid security amount as specified by the issue manager.
Step 6 — Collect your receipt: Always retain the bid submission acknowledgment slip for reference during allotment results.
Why do promoter share auctions matter for investors in Nepal?
In Nepal’s capital market, promoter shares are shares held by founding promoters of a company that are subject to a lock-in period under SEBON regulations. Once the lock-in period expires, promoters can sell these shares through a regulated auction process on NEPSE.
For investors, this creates a unique opportunity because:
Price discovery advantage: The floor price of Rs 165 may represent a discount to current NEPSE trading prices, depending on the company’s latest market valuation — creating potential upside for successful bidders.
Direct ownership: Successful bidders receive shares directly into their DEMAT account, giving them voting rights and dividend entitlements as shareholders of SuryaJyoti Life Insurance.
Insurance sector growth: Nepal’s life insurance penetration is growing steadily. Companies like SuryaJyoti Life Insurance benefit from increasing premium income as more Nepalis access insurance products — making this a sector with solid long-term fundamentals.
About SuryaJyoti Life Insurance Company Limited
SuryaJyoti Life Insurance Company Limited is a licensed life insurance company operating under the regulatory framework of the Insurance Authority of Nepal (Beema Samiti / Bima Pradhikarana). The company offers a range of life insurance products including term insurance, endowment plans, and unit-linked policies, contributing to Nepal’s growing insurance sector.
As a listed company on NEPSE (Nepal Stock Exchange), SuryaJyoti Life Insurance’s shares are publicly traded, giving this promoter share auction added relevance for investors who wish to increase their shareholding at an auction-determined price.