KATHMANDU: CYC Nepal Laghubitta Bittiya Sanstha Ltd. is issuing initial public offerings (IPO) today.
The Laghubitta will issue 394,336 units of primary shares worth Rs 39,533,600, said the company.
Of the total shares being issued, 6,082 units (0.5 percent), will be allocated for staffers of the company, and 19,766 (5 percent) will be put aside for the collective investment fund while the people, in general, can subscribe to the remaining 369, 488 units of shares.
People can subscribe for a minimum of 10 units of shares to a maximum of 1,000 units by April 19.
Global IME Capital Limited is the issue manager.
Currently, the paid-up capital of the Laghubitta is 82,108,240. Its paid-up capital will reach 121,641,840 following the allotment of the primary shares.
Care Rating Nepal Limited has assigned Issuer Rating of CARE-NP BB Minus to this Laghubitta.
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