CYC Nepal Laghubitta Bittiya Sanstha Limited (CYCNLBSL) is going to bring about 4 lakh units for IPO sale to the public. CYC Nepal Laghubitta has appointed Global IME Capital as the issuer and sales manager for the public issue of 395336 units of ordinary shares at a face value of Rs 100 per share.
In this regard, an agreement has been reached between CYC Nepal Laghubitta and Global IME Capital. The agreement has been signed by Managing Director Dolindra Prasad Sharma on behalf of CYC Nepal and Deputy Chief Executive Officer Parag Bista on behalf of Capital.
This national-level CYC Nepal Laghubitta, licensed by Nepal Rastra Bank (NRB), has recently acquired Shaligram Microfinance Institution with the approval of Nepal Rastra Bank.
After the acquisition, the authorized capital of the financial institution is Rs. 200 million and the issued capital is Rs. 121,641,837.04. The founding group has 67.50 percent shares in this financial institution and 99 founding shareholders including one institution have paid-up share capital of Rs. 82.18 million.
CYC Nepal Laghubitta is currently providing financial services to more than 47,000 needy families at the national level through 37 branch offices.
Nepal Rastra Bank has obtained the license in the name of CYC Nepal Laghubitta Sanstha Limited on 28th of Magh, 2075 BS and has been conducting financial transactions since 1st of Chaitra, 2075 BS.
Upcoming IPO IPO
