CYC Nepal’s IPO distribution

KATHMANDU: APRIL. 28 – CYC Nepal Laghubitta Bittiya Sanstha Limited had issued 3,95,336 units worth Rs 3.95 crore as Initial Public Offering to the general public from (Baisakh 2-6, 2078).

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 then for the individual public. Global IME Capital Limited is the issue manager for this IPO issue.

The issue had received applications from 2,202,361 valid applicants who had applied for a total of 24,483,650 units. The issue was oversubscribed more than 66.26 times.

As per the allotment module, a total of 36,948 applicants were allotted 10 units each via lottery, and lucky 8 applicants get 1 unit extra and the remaining 21,65,413 applicants were returned empty hands.

A total of 6,082 units were allotted to the staff of the company and 19,766 units were allotted to mutual funds.

In total 3,272 applicants who applied for 36,490 units were disqualified.

The IPO result can be accessed by CDSC IPO Result, Global IME Capital, and MeroShare.