IPO of CYC Nepal Laghubitta Bittiya Sanstha Limited Opening From Baisakh 02

CYC Nepal Laghubitta Bittiya Sanstha Limited has posted a proposal letter to problem its IPO. The problem will open on second Baisakh, 2079, and finish on sixth Baisakh, 2079. If now no longer subscribed completely with the aid of using the early final date, the cut-off date may be prolonged until sixteenth Baisakh.

CYC Nepal Laghubitta Bittiya Sanstha Limited had submitted an software to the regulatory board SEBON providing to problem 3,95,336 stocks thru an Initial Public Offering (IPO). SEBON then authorized the concept on Chaitra 09.

The corporation has a complete of 12,16,418 registered stocks of which 3,95,336 stocks may be issued in the imminent IPO. Thus, the IPO will improve a complete of Rs. 3,95,33,six hundred in paid-up capital. Of the overall public problem, 0.5%, i.e. 6,082 stocks were reserved for personnel even as 5%, i.e. 19,766 stocks for mutual funds. The last 3,69,488 stocks are then for the person public.

 

Applicants can practice for at the very least 10 devices to a most of a thousand devices.

Global IME Capital has been appointed the difficulty supervisor for the IPO problem. The problem supervisor settlement turned into signed among the coping with director of the microfinance corporation, Mr. Dolindra Prasad Sharma, and the deputy CEO of the capital, Mr. Parag Bista.

CYC Nepal Laghubitta is a microfinance corporation with its crucial workplace in Baglung. The corporation currently obtained Shaligram Laghubitta, every other microfinance corporation with its crucial workplace in Beni, Myagdi. After a a success acquisition process, CYC Nepal Laghubitta and Shaligram Laghubitta have started out joint operation withinside the call of CYC Nepal Laghubitta Bittiya Sanstha Limited from twenty ninth Ashar, 2078.

After the acquisition, the legal capital of the corporation has scaled to Rs. 20 crores and the issued capital has scaled to Rs. 12,16,41,837.04. Promoters personal 67.5% of the corporation, the relaxation of with the intention to be fulfilled thru this IPO.

The microfinance corporation has 37 branches and serves greater than 47,000 households on the country wide level.