Kathmandu, April 28
The CYC Nepal Microfinance Institution’s primary shares (IPO) have been distributed. On Thursday, a total of 36,948 persons acquired shares in the business at the IPO allotment conducted at the Naxal headquarters of sales manager Global IME Capital, with a maximum of 2.165 million 413 applications vacated.
The company issued 395,336 initial public offerings (IPOs) with a face value of Rs. 39.5 million 66 thousand 600 rupees.
0.5 percent of the issued capital, or 6,082 shares, was set aside for microfinance employees, 5 percent, or 19,766 shares, was set aside for the collective investment fund, and the rest 369,488 shares were set aside for general investors.
The IPO received a total of 2.25 million 633 applications. According to the sales manager at
Global IME Capital, 36,940 persons received 10 lots of shares and 8 people received 11 lots of shares, for a total of 2,222,361 applicants authorized to participate in the round.
