CYC Nepal IPO Opened and Oversubscribed

 CYC Nepal Laghubitta will launch an initial public offering (IPO) for the general public on the 2nd of Baishakh 2079 BS. CYC Nepal Laghubitta Microfinance is about to launch 3,95,336 initial public offerings (IPOs) worth Rs. 39.53 million. Applications for the IPO can be submitted as early as the 6th of Baisakh, 2079, and as late as the 16th of Baisakh, 2079.


Employees will receive 6,082 shares of the total shares issued by microfinance, while collective investment funds will receive 19,766 shares. The remaining 369,488 shares will be available for purchase by the general public.


IPO of CYC NEPAL LAGHUBITTA

IPO available to the general public: 3,95,336 kitta Minimum number of shares required: 10 Kitta

The maximum number of Kitta Shares that can be purchased is 1,000.

IPO Application Deadline (Coming Soon): Baisakh 6th, 2079 (Banking Time)

Global IME Capital is an IPO Shares Capital Merchant Office.

IPO Result Publication Date: To Be Announced Later (IPO Result Check Methods are given below)


Interested applicants should apply through C-ASWA Member Banks and Financial Institutions, as well as the MyShare website and app. According to IPO issuance and sales manager Global IME Capital Limited, investors can apply for a minimum of 10 lots up to 1,000 lots.


RATINGS OF CARE In the credit rating for the IPO issue, Nepal assigned CARE NP Double B minus issuer rating to microfinance. This indicates that meeting financial obligations on time poses a moderate risk.

source

IPO of CYC Nepal 

IPO Results


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