Gentle Reminder: Last Day for locals to Apply for IPO of Chandragiri Hill Limited; See the latest data here
Wed, Dec 16, 2020 10:09 AM on IPO/FPO News, Latest,
Today is the last day for the locals of Chandragiri Hills to apply for the IPO of Chandragiri Hill Limited.
The IPO issue for locals of Chandragiri Hills Limited was open from Mangsir 17. Chandragiri Hills Limited has 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 is 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 is 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 has received 3,558 applications from locals for a total of 13,15,665 units. Thus, the issue has received immense optimism from the locals of the area. Since the issue is already oversubscribed, the IPO will close today. Locals can still place their applications for a minimum of 10 units and a maximum of 3,060 units till the end of banking hours.
