Opening Range of City Hotel Ltd

Opening Range of City Hotel Ltd

We have detail information of Opening Range of City Hotel Ltd.

Opening Range of City Hotel Ltd

Following are the information of City Hotel Ltd.

About Company

City Hotel Limited is a public ltd hotel company in Nepal. It was established in 5th December, 2007. It is located at Soalteemode, Tahachal, Kathmandu, Nepal.

City Hotel Limited will be issuing 13,55,940 unit IPO shares to the general public from 25th Baisakh to 28th Baisakh, 2080. If unsubscribed, the issue can be extended up to the 8th Jestha, 2080.

Opening Range

The opening range of any company depends upon the book value of the company. So, the book value of the is Rs. 87.83 from the FY 2078/79. hence, the opening range of the company is Rs. 87.83 to Rs. 263.49.

Global IME Capital Limited is appointed as the issue manager for the IPO. Similarly, the company has got BB+ rating from ICRA Nepal for Issuing IPO. It means there is moderate risk of default regarding the timely servicing of financial obligations, in Nepal.

More Information About IPO

Following are the detail information.

Name of the CompanyCity Hotel Ltd
Paid Up capital after IPORs. 1.67 arba
Total IssueRs. 16,74,00,000
People working in abroadRs. 1,67,40,000
Mutual FundRs. 66,96,000
General PublicRs. 13,55,94,000
Issue ManagerGlobal IME Capital ltd

Note: All the data are taken from the offer letter of the company.

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