First Business News Portal in English from Nepal
KATHMANDU: The IPO allotment of CYC Nepal Laghubitta Bittiya Sanstha Limited is scheduled to be held on Baisakh 15 (Thursday). The allotment program will commence at 9 am that day at the premises of the issue manager Global IME Capital, Naxal, Kathmandu.
The microfinance company opened its IPO on 2nd Baisakh – 6th Baisakh, 2079.
The company has a total of 12,16,418 registered shares of which 3,95,336 shares were issued in the IPO. Thus, the IPO will raise a total of Rs. 3,95,33,600 in paid-up capital. Of the total public issue, 0.5%, i.e. 6,082 shares have been reserved for employees while 5%, i.e. 19,766 shares for mutual funds. The remaining 3,69,488 shares are for the individual public.
According to CDSC, 22,77,743 applicants have applied for a total of 2,56,88,450 shares. Thus, the issue has been oversubscribed over 69.52 times.
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