CYC Nepal Laghubitta Bittiya Sanstha Limited is going to open the IPO issue and sale from the 2nd of Baishakh 2079. CYC Nepal Laghubitta is about to issue 3,95,336 units of IPO worth Rs. 39.53 million.
Out of the total 3,95,336 units of shares to be issued by CYC Nepal Laghubitta, 0.5 percent of the issued capital i.e. 6,082 units of shares have been reserved for employees and 5 percent or 19,766 units shares have been reserved for mutual 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 2079 Baishakh 6 and as late as Baishakh 16. Investors will be able to apply for a minimum of 10 units to 1000 units.
The IPO issuance and sales manager is Global IME Capital Limited. Interested applicants can apply through C-ASWA member banks and financial institutions and through the MeroShare website and app.
Care Ratings Nepal has given CYC Nepal Laghubitta a Care NP Double B minus issuer rating in its credit rating for IPO issuance. 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.
