What is Opening Price Range of CYC Laghubitta
Opening Price Range of CYC Laghubitta is Rs. 344.36 to Rs. 1033.08 . According to the audited report of FY 077/078, the net worth per share of CYC Laghubitta is 344.36. So, Nepal Stock Exchange (NEPSE) will determine the opening price range for CYC as Rs. 344.36 to Rs. 1033.08.
You can check the official financial report of Upakar Laghubitta.
How opening price range is determined?
Nepal stock exchange (NEPSE) determined the opening price range of new stock based on the book value of company. For example, if book value of the company’s latest audited report is 100 then the opening price range will be 100 – 300. The minimum price should be same as book value and maximum price will be book value x 3.
About CYC Nepal Laghubitta
CYC Nepal Laghubitta Bittiya Sanstha Limited issued 3,95,336 units IPO shares to the general public from 2nd Baisakh to 6th Baisakh, 2079. This microfinance has a total of 12,16,418 registered shares of which 3,95,336 shares were issued in the IPO. Thus, the IPO will raise a total of Rs. 3,95,33,600 in paid-up capital. Out 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 for the individual public.
According to CDSC, 22,77,743 applicants have applied for a total of 2,56,88,450 shares. Thus, the issue has been oversubscribed over 69.52 times.
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