3 years ago
The ordinary share (IPO) of Chandragiri Hills Limited will be distributed tomorrow (Friday).
Global IME Capital, which is in charge of the sale and issue of the company's shares, has announced that it will distribute the shares on Friday.
The company had opened IPO sale to the public on January 8. The company has issued 1,534,091 IPOs at the rate of Rs 100, equivalent to Rs 153.491 million.
According to Global IME Capital, 1.21 million 115 applications were approved. The applications of more than 40,000 applicants have been rejected.
The company's IPO has received applications from 2,451,010 applicants for 2,44,74,530 units of shares which means IPO has been oversubscribed by 17.53 times more than the demand.
The company has allotted 4 percent or 61,364 shares to the employees of the IPO company and 5 percent or 76,705 shares to the collective investment fund.
The company has stated that the remaining 1.396 million IPO units have been allotted to the public.
