CYC Nepal Laghubitta Bittiya Sanstha Limited today issued Initial Public Offering (IPO) to the general public.

The microfinance company has opened applications for 395,336 unit shares worth Rs 3.95 crores from April 15, 2022. The early closing date of the issue has been scheduled for April 19, 2022.

Moreover, if the issue is undersubscribed by the early closing date, an extension till April 29 can be expected.

Among the 395,366 unit shares; 0.5 per cent of the issued capital i.e., 6,082 units will be allotted to the employees of the company while 5 per cent of the total offered shares to the general public i.e., 19,766 units have been set aside for the mutual funds.

Meanwhile, the remaining 3,69,488 units are meant for general public for subscription.

Global IME Capital Limited is the issue manager for the IPO issuance.

Applicants can be place subscription order for a minimum of 10 units and a maximum of up to 1,000 units.