City Hotel IPO Result Date

This article will discuss the City Hotel IPO Result Date and what investors can expect from the announcement. As the IPO process is nearing its end, the company has set a date for the IPO result announcement.

City Hotel is a Hotel company in Nepal. Its headquarter is located in Soaltee Mode, Kathmandu, Nepal. The company has been approved by SEBON and will be listed on Nepal Stock Exchange (NEPSE) soon.

The initial public offering (IPO) was approved on 2079-12-05. The IPO was opened on 2023-05-08 at 10 PM and will close on 2023-05-11 at 5 PM.

City Hotel IPO Result Date

The IPO result Date of City Hotel will be announced probably within the 3rd to 4th week of May, i.e. after the end of the issue closed date i.e. after 2023-05-11 at 5 PM. The company has issued 1355940 units of shares for the general public.

City Hotel IPO Result Date

The minimum share that the general public can fill up was a minimum of 10 units and the maximum was 2000. The rate of one share is 100.

Allotment of Shares of City Hotel

The allotment of shares will be done via a lottery system/lucky draw. The shares will be allotted to the applicants who have applied for the IPO within the 2023-05-08 at 10 PM – 2023-05-11 at 5 PM. period.

Name of CompanyCity Hotel
Available(For General Public
No. of Share Registered16,740,000
Amount of Shares Registered1,674,000,000
Public Issue Size1,674,000
Public Issue Amount167,400,000
% of Issued Capital10.00%
Promoter Share Registered Amount1,506,600,000
% of Issued Capital90.00%
Issue ManagerGlobal IME Capital Limited
Date of Approval2079-12-05
Issue Open Date2023-05-08 at 10 PM
Issue Close Date2023-05-11 at 5 PM
No. Of Share Issued1355940
Established2078 B.S.
HeadquartersSoaltee Mode, Kathmandu
Minimum Quantity10
Maximum Quantity2000

How to Check the Result of City Hotel?

The City Hotel result can be checked online on the CDS and Clearing Limited website or Global IME Capital Limited. The applicants can also check the result by logging into Mero Share.

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The City Hotel IPO Result will be announced within the 3rd to 4th week of May 2023, i.e. after the closing date. The allotment of shares will be done eventually and the banks will make the refund if it is not allotted.

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