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 IPO:
CYC Nepal Laghubitta Bittiya Sanstha Limited is going to open the IPO issue and sale from the 2nd of Baishakh 2079. CYC Nepal Laghubitta is about to issue 3,95,336 units of IPO worth Rs. 39.53 million.
Out of the total 3,95,336 units of shares to be issued by CYC Nepal Laghubitta, 0.5 percent of the issued capital i.e. 6,082 units of shares have been reserved for employees and 5 percent or 19,766 units shares have been reserved for mutual investment funds. The general public will be able to apply for the remaining 369,488 shares.
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