IPO Allotment on Thursday: CYC Nepal Laghubitta Bittiya Rewarding 36,948 Applicants With Ownership In Company

Tue, Apr 26, 2022 1:35 PM on IPO/FPO News, Latest,

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.

In contrast, only 36,948 applicants will be allotted 10 shares each.