KATHMANDU, Jan 1 (ET): Chandragiri Hills will be issuing 15,34,091 units worth Rs 15.34 crore as Initial Public Offering (IPO) to the general public from Poush 24, 2077 BS. The early closing date of this issue is on Poush 28 and if the issue is not fully subscribed till Poush 28, then it can be extended up to Magh 09, 2077.
Out of the offered 15,34,091 units; 4% of the total offered shares to the general public i.e. 61,364 units have been set aside for the employees of the company and 5% of the total offered shares to the general public i.e. 76,705 units have been set aside for the mutual funds. The remaining 13,96,022 units are for the general public.
Global IME Capital has been appointed as the issue manager for the proposed IPO issuance.
Earlier, the 9th AGM of the company held on 14th January 2019 had endorsed to issue IPO of 10% of paid-up capital of worth Rs 15 crore to the general public.
Chandragiri Hills is seven kilometres from Thankot and lies on the south-west side of Kathmandu Valley which is 2551 metres above sea level. The hill provides panoramic views of Kathmandu Valley and the Himalayan ranges from Annapurna to Everest. The soft opening of Chandragiri Hills Ltd was held on 8th August 2016. Over the years, Chandragiri hills has been seen as one of the most sought after gateway for the people of Kathmandu Valley and around. It has also been felicitated with the most influential tourist spot of the country.
The major promoters of the company are Mr. Chandra Prasad Dhakal, Mr. Hem Raj Dhakal, Mr. Ambika Prasad Paudel, Mr. Nawaraj Nepal and Mr. Kalyan Gurung.
