CYC Microfinance to issue IPO of around Rs. 40 million

CYC Microfinance IPO

CYC Microfinance Financial Institution is going to issue an IPO worth around Rs. 40 million. 

This organization is going to issue 3,95,335.9704 lots of IPO for the general public.

Global IME Capital has been appointed as the IPO issuer and sales manager for the issuance of IPO.

 In this regard, an agreement has been reached between the MFI and Capital regarding the issue of shares.

The agreement has been signed by Managing Director Dolindra Prasad Sharma on behalf of the MFI and Deputy Chief Executive Officer Parag Bista on behalf of Capital.

The ‘D’ class national level microfinance institution licensed by Nepal Rastra Bank, headquartered in Baglung Bazaar, Baglung, has recently acquired Shaligram Microfinance Institution, which has its head office in Beni, Myagdi district and is conducting microfinance business only in Gandaki, with the approval of Nepal Rastra Bank.