Shares Listed: Chandragiri Hills Limited (CGH) to Trade from Sunday; What's the Opening Range?

1,53,40,910 units shares of Chandragiri Hills Limited have been listed in NEPSE.

Chandragiri Hills Limited had issued 15,34,091 units worth Rs 15.34 crore as Initial Public Offering to the general public from (Poush 24- Poush 28, 2077). Out of the offered 15,34,091 units; 4% of the total offered shares to the general public i.e. 61,364 units were for the employees of the company and 5% for mutual funds. The remaining 13,96,022 units were for the general public.

The issue had received applications from 12,11,115 valid applicants who had applied for a total of 2,28,20,210 units. The issue was oversubscribed by more than 16.34 times. As per the allotment module, a total of 1,39,602 applicants were allotted 10 units each via lottery, and the remaining 10,71,513 applicants were returned empty hands.

The same IPO shares along with the promoter shares of the company are now listed in NEPSE. The promoter: public shareholding ratio of the company is 88: 12. The shares will be traded from Sunday under the ticker symbol CGH. The opening range is kept at Rs. 96.69 to Rs. 290.07 for the first transaction.