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There were 10 shares when IPO was alloted but now there are only 9. Can someone tell me why it happens?

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There were 10 shares when IPO was alloted but now there are only 9. Can someone tell me why it happens?

I didn’t have secondary account till yesterday

View on r/NepalStock by haywireeeeee

Topics Covered in this post:
alloted | ipo | IPO/FPO | Shares
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  2. Avatar of BellArtistic6144 BellArtistic6144
    Reply
    October 20, 2023,

    Jyoti life got merged with surya life to form surya jyoti life in the ratio of 0.9:1 i.e 10 Units of jyoti life will be converted into 9 Units of surya jyoti life .

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