IPO of Chandragiri Hills Oversubscribed 3.43 Times on the First Day; Lottery Confirmed for 10 Units

The IPO issue of Chandragiri Hills Limited has opened from today.

The company is issuing 15,34,091 units as IPO to the general public at the par value of Rs. 100 per share to raise a capital worth Rs. 15.34 crores. The company is issuing a total of 15,34,091 units of shares from Poush-24, 2077. A total of 61,364 units (4% of total issue) worth Rs. 61.36 lakhs are segregated for the employees of the company and 76,705 unit shares for mutual funds. The remaining 13,96,022 units shares are for the general public.

Global IME Capital Limited has been appointed the issue manager for the IPO issue for the general public. According to the issue manager, the issue has received applications from 2,31,892 applicants for a total of 47,96,700 units. This data is of 3:30 pm on the first day. Thus, the issue is oversubscribed over 3.43 times in terms of the number of units applied on the first day itself. Furthermore, this data now confirms that 10 units will be allotted via lottery.

The IPO issue will close on Poush 28, 2077.