2 January 2020, Kathmandu
The Chandragiri Hills IPO is now open to the public. How much is there to apply for?
The IPO issued by Chandragiri Hills will now be issued to the public. The shares, which had earlier been issued to the affected people and locals in the project area, are now open to the public.
Chandragiri said that the public could fill out the shares from 8 to 9 January after the letter of invitation was published on Friday. Chandragiri will issue 1,534,09,100 shares equal to Rs. 15,34,120, which is 10% of the capital paid-up. Earlier, 2% of the shares were sold to locals.
The applicant may apply from a bank account linked to his demat account. The price of the IPO shall be Rs 100. It is almost certain that the applicants of the General Group will receive this share at a rate of 10 lots by way of a lucky draw. It appears, therefore, that it is sufficient for each applicant to apply for only 10 lots.
Chandragiri submitted a petition to Jeshta 25 for the issuance of its shares. After the approval of the IPO proposal, the IPO was sold to the locals from Poush 1st. The company appointed Global IME Capital as its sales manager.
This IPO will be the first IPO as a cable car service provider in Nepal. The cable car has a majority investment from the Global IME Group and its members.
