Chandragiri Hills starts issuing IPO

Jan 08, 2021 09:09 AM Merolagani

Chandragiri Hills has started issuing IPO to the general public from January 8. The company is issuing 1,534,091 units of primary shares worth Rs 153.4 million.

Out of the total offered shares, 4 percent i.e. 61,364 units have been allocated to employees while 5 percent i.e. 76,705 units have been allocated to mutual funds.

The general public can apply for the remaining 1,396,022 units.

The issue will close early on January 12 and lately on January 22. The interested investors can apply for a minimum of 10 and a maximum of 13,960 units of shares through all C-ASBA approved BFIs.

The company has appointed Global IME Capital as its issue manager. ICRA Nepal has assigned [ICRANP-IR]BB+ rating to the issue indicating moderate credit risk. 

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