City Hotel IPO Result

City Hotel IPO Result : Allotment Results Announced. IPO result details of City Hotel Limited. Applicants gave the overwhelming response to the IPO issue of City hotel Limited.

city hotel ipo result

About City Hotel Limited

City Hotel is the owner of 5-star brand name “Hyatt Place” in Kathmandu. We can find a mixture of modern and cultural architecture serving its visitors and guest from various countries. The area of this hotel is 10 ropani and we can find the ultimate relaxation in this hotel.

Hyatt Place has 153 rooms and suites with the Nepalese cultural environment.  The hotel has several dining options such as the breakfast bar, Zing World of flavours, Zing Sky bar and lounge, the market, the bar, the Banquet hall, Meeting halls, and a fitness centre.

Location of Hyatt Palace (City Hotel Limited)

Red Cross Road, Soalteemode, Tahachal, Kathmandu, Nepal.

City Hotel Limited issued 13,55,940 unit IPO shares to the general public from 25th Baisakh to 28th Baisakh, 2080.

The company issued 13,55,940 unit shares to the general public of Rs 100 face value. Out of the total 16,74,000 units; 10% i.e. 1,67,400 units have already been allotted to the Nepalese citizens working abroad. The 4% of issued shares i.e. 66,960 units have been reserved for the employees of the company and 5% of the total offered shares i.e. 83,700 units have been reserved for the mutual funds. The remaining 13,55,940 units are for the general public.

The total paid-up capital after the IPO allotment would be Rs 1.67 Arba of the company.

The issue manager of this company is Global IME Capital Limited. Applications can be placed for a minimum of 10 units and a maximum of 2,000 units.

Company NameCity Hotel Limited
IPO Open DateBaisakh 25
IPO Closing DateBaisakh 28
City Hotel IPO Result Date
Minimum Application Limit10 Units
Maximum Application Limit2000 Units
IPO result websiteiporesult.cdsc.com.np

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