IPO Allotment Today: IPO to Locals of Chandragiri Hills Limited

Chandragiri Hills Limited is allotting the IPO to locals of the area today.

The IPO issue for locals of Chandragiri Hills Limited was open from Mangsir 17. Chandragiri Hills Limited had issued 3,06,819 units shares to the project-affected locals of Chandragiri Nagarpalika of Kathmandu District and Thaha Nagarpalika of Makwanpur District.

Global IME Capital Limited was the issue manager for the proposed IPO issuance. Out of the total proposed IPO shares, 3,06,819 units, i.e. 2% of the total paid-up capital was for the locals while 15,34,091 units i.e. 10% of the total paid-up capital will be open for the general public later on. The remaining 88% of shares are held by the major promoters of the company i.e. 1.35 crore units. The final paid-up capital post IPO issue will be Rs 1.534 Arba.

According to the issue manager, the IPO issue received 4,814 applications from locals for a total of 16,85,530 units. This is the final data reported at the conclusion of the IPO issue.

The allotment program will start at 3 pm today at the premises of the issue manager Global IME Capital in Naxal, Kathmandu.

Announcement