Padmashree College
The British College

CYC Nepal Laghubitta IPO Application Date from Today

News 15 Apr 2022 609 0

CYC Nepal Laghubitta IPO Application Date

CYC Nepal Laghubitta Bittiya Sanstha Limited is going to open IPO issuance and sale from today (2nd Baishakh 2078). CYC Nepal Laghubitta is going to issue 3,95,336 lots of IPO worth Rs. 39.53 million.

Out of the total 3,95,336 shares to be issued by CYC Nepal Laghubitta, 0.5 percent of the issued capital i.e. 6,082 shares have been reserved for employees and 5 percent or 19,766 shares have been reserved for collective investment funds. The general public will be able to apply for the remaining 369,488 shares.

Applications for the IPO can be submitted as early as 6th Baishakh 2079 BS and as late as 16th of Baishakh. Investors will be able to apply for a minimum of 10 lots to 1000 lots.

The IPO issuance and sales manager is Global IME Capital Limited. Interested applicants can apply through C-ASWA Member Banks and Financial Institutions and MyShare website and app.

CARE RATINGS Nepal has given CYC Nepal Laghubitta CARE NP Double B Minus Issuer Rating in the credit rating for the IPO issue. This indicates that there is a moderate risk of fulfilling financial obligations on time.

At present, the paid-up capital of CYC Nepal Laghubitta is Rs. 82.18 million. After the IPO allotment, the paid-up capital of microfinance will reach Rs. 121.641 million.