IPO Update: Chandragiri Hills IPO Preallotment concluded today; When is the Final Allotment?

Chandragiri Hills Limited IPO

The Pre allotment of the IPO of Chandragiri Hills Ltd is concluded today and the final allotment will be done on coming Friday i.e Magh 9, 2077.

The IPO issue of Chandragiri Hills Limited has concluded on Poush 28.

With this, the company has issued 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 issued a total of 15,34,091 units of shares. A total of 61,364 units (4% of total issue) worth Rs. 61.36 lakhs were segregated for the employees of the company and 76,705 unit shares for mutual funds. The remaining 13,96,022 unit shares were for the general public.

Global IME Capital Limited is the issue manager for the IPO issue for the general public. According to the issue manager, the issue has received applications from 12,51,938 applicants for a total of 2,28,20,210 units. This is the final data. Thus, the issue is oversubscribed over 16.34 times in terms of the number of units applied. Furthermore, it was already confirmed on the first day itself that 10 units will be allotted via lottery.

Chandragiri Hills is a quick getaway just 7 km away from Thankot, Kathmandu. Established with a mission to create an “integrated tourist destination,” the area has its historical significance as well. It was established in 2009 and is located in Chandragiri hills. This project provides cable car services to the peak of the hill with religious importance, parks, and restaurants.