CYC Nepal Laghubitta Bittiya Sanstha Limited will begin IPO issuance and sale today (2nd Baishakh 2078). CYC Nepal Laghubitta will issue 3,95,336 lots of Rs. 39.53 million IPO.
CYC Nepal Laghubitta will issue 3,95,336 shares, with 0.5 percent of the issued capital, or 6,082 shares, reserved for employees and 5 percent, or 19,766 shares, reserved for collective investment funds. The remaining 369,488 shares will be available for purchase by the general public.
Applications for the IPO can be submitted as early as the 6th of Baishakh 2079 BS and as late as the 16th of Baishakh 2079 BS. Investors will be able to apply for as few as 10 lots and as many as 1000 lots.
CYC Nepal Laghubitta Capital
Global IME Capital Limited is the IPO issuance and sales manager. Interested applicants should apply through C-ASWA Member Banks and Financial Institutions, as well as the MyShare website and app.
RATINGS OF CARE In the credit rating for the IPO issue, Nepal has assigned CYC Nepal Laghubitta CARE NP Double B Minus Issuer Rating. This indicates a moderate risk of meeting financial obligations on time.
CYC Nepal Laghubitta currently has a paid-up capital of Rs. 82.18 million. The paid-up capital of microfinance will reach Rs. 121.641 million following the IPO allotment.
About CYC Nepal Laghubitta Bittiya Sanstha Limited
The CYC Nepal Laghubitta Bittiya Sanstha Ltd. is a well-known Microfinance institution in Nepal. It was registered as a public company as a class ‘D’ financial institution with the Nepal Rastra Bank on 11 February 2019 under Act, 2063, and began formal microfinance operations on 15 March, 2019. The CYC Nepal Laghubitta Bittiya Sanstha, formerly known as the CYC (Chartare Youth Club), is located on Samikshalaya Road in Baglung.