IPO of CYC Nepal Laghubitta Closing Tomorrow, Issue Oversubscribed 57.267 Times Already

CYC Nepal Laghubitta Bittiya Sanstha Limited has opened its IPO on 2nd Baisakh, 2079. The issue will conclude tomorrow, i.e. on 6th Baisakh, 2079 since it has already been subscribed fully.

The company has a total of 12,16,418 registered shares of which 3,95,336 shares are being issued. 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.

Applicants can apply for a minimum of 10 units to a maximum of 1000 units.

Global IME Capital has been appointed the issue manager for the IPO issue. According to CDSC, 18,63,794 applicants have applied for a total of 2,11,59,720 shares. Thus, the issue has been oversubscribed over 57.267 times already.

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IPO of CYC Nepal Laghubitta Bittiya Sanstha Open, Here's What You Should Know About the Company