There is good news for the Investors who are waiting for the Initial Public Offering IPO. Nowadays many Insurance companies and other companies are issuing the Initial Public Offering (IPO). Chandragiri Hills Limited is going to issue IPO to the public from (Poush 24th 2077) January 8, 2020. |Chandragiri Hills IPO
The company is going to issue 15 lakh 34 thousand 91 units IPO of worth Ruppess 15 crore 34 lakh 9 thousand 100 rupees. The company has reserved 4 percent or 61,364 shares for employees and 5 percent or 76,705 shares for collective investment funds. The general public will be able to apply for the remaining 13 lakh and 96 thousand unit shares. Applications for the IPO can be submitted as early as (Poush 27 2077) January 11 2020 and as late as (Magh 12 2077)January 25, 2020. Investors will be able to apply for a minimum of 10 lots and 13,960 units share.
The IPO issuance and sales manager is Global IME Capital Limited. Interested applicants can apply through C-ASBA member banks and financial institutions and MEROSHARE. ICRA Nepal has given ICRA NP IR BB rating to the company which refers to a moderate level of credit risk. The paid-up capital of the company, which has already issued an IPO for the locals, will reach Rs 1.53 billion after the IPO distribution.
About Chandragiri Hills Limited
Chandragiri Cable Car is the main division of Chandragiri Hills Limited. Chandragiri Cable car is the third rope-way of Nepal and the first ropeway of Kathmandu valley. Chandragiri hills Limited is now operating Fun Parks, hotel,s and resorts at the top of the chandragiri hill. Chadragiri hills Limited is located at 7 km far from the main city of Kathmandu Valley. The Temple and resort of chandragiri Hills located at 2551 meters above sea level. Chandragiri Hills is listed as the major tourist destination for the international and internal tourists. Some time ago the foreign minister of the People Republic of China, Wang Yi had also visited this tourist destination.
The Major Promoter of this limited company are as follows Chandra Prashad Dhakal, Hemraj Dhakal, Ambika Prashad Poudel, Navaraj Nepal and Kalyan Gurung
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