Upcoming IPO: CYC Nepal Laghubitta Bittiya Sanstha Limited To Open it's IPO From 2nd Baisakh.

CYC Nepal Laghubitta Bittiya Sanstha Limited has distributed a proposition letter to give its IPO. The issue will open from the second Baisakh to the sixth Baisakh, 2079. CYC Nepal Laghubitta Bittiya Sanstha Limited had presented an application to the administrative board SEBON proposing to give 3,95,336 offers through an Initial Public Offering (IPO). SEBON then, at that point, endorsed the proposition on Chaitra 09.

The organization has an aggregate of 12,16,418 enlisted portions of which 3,95,336 offers will be given in the forthcoming IPO. Along these lines, the IPO will raise an aggregate of Rs. 3,95,33,600 in settled up capital. Of the absolute open issue, 0.5% i.e.  6,082 offers have been saved for workers while 5% i.e.  19,766  for mutual funds. The leftover 3,69,488 offers are for the general public.Candidates can apply for at least 10 units to a limit of 1000 units. Global IME Capital has been selected as the issue chief for the IPO issue. 

CYC Nepal Laghubitta is a microfinance organization with its main office in Baglung. The microfinance organization has 37 branches and serves in excess of 47,000 families at the public level. The organization as of late obtained Shaligram Laghubitta, another microfinance organization with its focal office in Beni, Myagdi. After an effective procurement process, CYC Nepal Laghubitta and Shaligram Laghubitta have initiated joint activity for the sake of CYC Nepal Laghubitta Bittiya Sanstha Limited from 29th Ashar, 2078.

After the procurement, the approved capital of the organization has scaled to Rs. 20 crores and the given capital has scaled to Rs. 12,16,41,837.04. Advertisers own 67.5% of the organization, the remainder of which will be satisfied through this IPO.