Chandragiri Hills To Issue IPO To General Public From Poush 24
January 8, 2021 | Investopaper
Chandragiri Hills IPO To General Public
Chandragiri Hills is going to issue the Initial Public Offering (IPO) to the general public from Poush 24, 2077 BS. The IPO issue will remain open until Poush 28, 2077 BS. If it remains under-subscribed until that period, the issue will extend till Magh 10, 2077 BS.
The company is issuing 15,34,091 shares in the IPO to the general public after receiving the approval from the Securities Board of Nepal (SEBON). Sebon provided the approval to issue 18.41 lakh shares in the IPO (General Public + Locals) on Karthik 28, 2077 BS. The company had submitted the application to SEBON on Jestha 25, 2077.
Out of the 15,34,091 shares, employees and the mutual funds will receive 4 percent and 5 percent shares respectively. Hence, the general public can apply for the remaining 13,96,044 shares.
Interested investors can apply for a minimum of 10 shares at a par value of Rs 100.
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IPO To Locals
In the first phase, Chandragiri Hills floated 306,819 shares to the locals of the project-affected areas from Mangsir 17, 2077 BS to Poush 1, 2077 BS.
Locals of Chandragiri Municipality Ward No. 3, 4, 6 and 7 of Kathmandu, Thaha Municipality Ward No. 9 and 10 of Makwanpur and Indrasarobar Village Municipality Ward No. 5 participated in the IPO.
Interested locals applied for a minimum of 10 shares and a maximum of 3,060 shares.
Total Public Issue
The public issue is equivalent to 12 percent of the company’s total issued capital of Rs 1.53 Arba. After issuing shares to the locals, the company will issue the remaining 15.34 lakh shares to the general public.
Global IME Capital Limited is the issue manager for the IPO.
After the IPO, the locals and general public will possess 12 percent share in the company. Likewise, the promoters will hold 88 percent ownership.
Chandragiri Hills has signed an agreement with Citizens Investment Trust (CIT) to underwrite the shares. If the shares remain under-subscribed, then CIT will have to purchase the remaining unsold shares.
Located at Thankot, Kathmandu, Chandragiri Hills is led by the chairman Chandra Prasad Dhakal. Abhisekh Bikram Shah is the general manager of the company.
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I have all things but when we open mero share fillings everything there after open my aspa it’s open there after show dashboard but when we apply for IPO only show company details ? Can’t connect for aaply ?
I am new in this.please can u guys tell be about if I invest in 10kiita how and when would I can get my return and profit back from it…
And does it has possiblyty of giving us back with profit…
You will get your return in the form of dividend as well as capital gain. Company distribute profit to the shareholders as dividend. Also, the share price increases in the share market.
Can I buy from nic Asia bank also?
should general public have to wait 3 years to sell chandragiri hills ipo
No sir. General public can sell the shares after listing in Nepse
From which bank chandragiri hills share apply?
We are in abroad at the movement and we want to buy minimum public share(IPO) through online pls advise us how much we have to deposit through IME and which bank and what kind of documents we need to submit through online.