IPO Opening From Today: Chandragiri Hills Limited issuing 15,34,091 unit shares

The IPO issue of Chandragiri Hills Limited is opening 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.

The earliest closing date is on Poush 28, 2077. If the issue is not subscribed till the earliest closing date then the deadline can be extended till Magh 09, 2077.

The company has already allotted shares to the locals of the area. The IPO issue for locals had received immense optimism from the locals. Applicants were allotted shares as high as 80 units per individual.

Global IME Capital Limited has been appointed the issue manager for the IPO issue for the general public. Investors might only get 10 units per individual because of the predictable optimism from investors and the limited quantity of the shares.