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Chandragiri Hills IPO allotment on Friday

Published Date : January 21, 2021
Chandragiri Hills (file photo)

KATHMANDU: The IPO allotment of Chandragiri Hills will conclude this Friday, i.e. January 22. The allotment will be done in the office of the issue manager. Global IME Capital is the issue manager for the IPO issue. Thus, the allotment will be done in the office of Global IME Capital at Naxal, Kathmandu, starting at 10 am.

The issue had opened from January 8. The company issued 15,34,091 units as IPO to the general public at the par value of Rs. 100 per share to raise a capital worth Rs. 15.34 crores. The company issued a total of 15,34,091 units of shares.

A total of 61,364 units (4% of total issue) worth Rs. 61.36 lakhs were segregated for the employees of the company and 76,705 unit shares for mutual funds. The remaining 13,96,022 unit shares were for the general public.

According to the issue manager, the issue has received applications from 12,51,938 applicants for a total of 2,28,20,210 units. This is the final data. Thus, the issue is oversubscribed over 16.34 times in terms of the number of units applied. Furthermore, it was already confirmed on the first day itself that 10 units will be allotted via lottery.

Rastriya Banijya Bank calls AGM

Rastriya Banijya Bank Limited has called its 15th AGM on Magh 28. Although the meeting will be held in the company’s central office, it will be streamed virtually for investors. The AGM will commence at 2 pm that day.

Among other proposals, the AGM will endorse a 4.5% dividend for the fiscal year 2076/77. The company has proposed a 2.5% cash dividend and 2% bonus shares. Other agendas include capital amendment after dividend, endorsement of the annual report, and appointment of an external auditor for FY 2076/77.

The shares of Rastriya Banijya Bank do not trade in NEPSE.

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