City Hotel IPO Result has been published today (19th May 2023). The IPO Issue Manager Global IME Capital has published the share to the General Public today. Among the total of 11.61 Lakhs Applications, the lucky 1,35,594 applicants got the IPO of City Hotel in Hand. Here’s more about the IPO Result of City Hotel Limited and its share Value.
First time in Nepal, the Hotel & accommodation has issued this IPO. The company has published the IPO today from 8:30 AM onwards. Now you can check the IPO of City Hotel from the CDSC IPO Result checking Site.
Similarly, for the IPO Distribution, the company has issued a total of 13,55,940 units with a share value of Rs 13.55 crore. For the General Public, the company has issued the share from the 25th of Baishakh to the 28th of Baishakh where it has been oversubscribed by 9.43 times.
Additionally, among the Total Share Units of 16,74,000 units the company has allotted the 10% (1,67,400 Units) to Foreign, 4% (66,960) to employees and 5% (83,700 Units) to the Mutual Fund.
So, the remaining 13,55,940 units were for the General Public. While for the IPO Information the company has received a total of 1,27,88,990 units of share applications from the 11,61,280 applicants.
About City Hotel Limited
City Hotel is one of the glowing Names in Nepal in the Hotel and Hospitality industry. It’s a 5-Star Hotel Group running under the name ‘Hyatt Palace’ in Kathmandu. It’s one of the topmost luxury hotels in Nepal that facilitates modern and cultural architecture services to the people.
This hotel has occupied the 10 ropani lands of the Red Cross Road, Saolteemode, Tahachal in Kathmandu. From here the guests can enjoy the beautiful view of the Sayambhu Nath Temple and the beautiful Kathmandu Valley.
Similarly, as an Internal aspect, City Hotel has a total of 153 spacious rooms and suites. Additionally, the hotel has a good Nepalese cultural environment with serval dining options.
Okay, coming back to the Shares. The company is being promoted by a total of 7 shareholders who have infused the total paid-up capital equity of Rs 1.50 Arba as of now. Now from the IPO, the has got a total of Rs 13.55 crores (General Public). After the IPO has company has a Total Paid-up capital of Rs 1.67 Arba.
Likewise, CARE Ratings Nepal Limited (CRNL) has reaffirmed the rating as ‘CARE-NP BB+ (IS)’ which means, the issuers (Company) offer a moderate risk.
City Hotel Limited IPO Details
| Issued Company | City Hotel Limited |
| Issue Manager | Global IME Capital |
| IPO Company Type (Category) | Hotel |
| Type (Security) | IPO |
| Approval Date by SEBON | |
| IPO Issue Date | 25th Baishakh 2080 |
| IPO Deadline | 28th Baishakh 2080 |
| Per Unit Price | Rs 100 |
| Total IPO Share Units | 16,74,000 Units |
| IPO Units for Mutual Investment | 83,700 Units (5%) |
| IPO Units for Foreign | 1,67,400 Units (10%) |
| IPO Units for Employees | 66,960 Units (4%) |
| IPO Units for General Public | 13,55,000 Units |
| Total Applied Kitta | 1,27,88,990 Units |
| Total Applications | 11,61,280 Units |
| Total Allottee | 1,35,594 Applicants |
| IPO Result Date | 19th May 2023 (5th Jestha 2080) |
How to Check City Hotel IPO Result
You can check the IPO Result of any company easily from your Mobile Phone. For this, you can follow the different methods on it. As we have already said that all the applicants can check the City Hotel Limited IPO Result Date so can check it. To check it you can go either visit the site of iporesult.cdsc.com.np or Capital Site.
Here we share all about the City Hotel IPO Result Checking process for you.
Method I – Check from Mero Share Site
- Visit the Mero Share IPO Result checker page, click here to go.
- Now from the IPO Result Page, you need to select the company from the Select Company dropdown,
- After selecting the City Hotel LTD. (General Public) from the drop-down list, you need to enter your BOID, it’s 16 digit,
- After that verify the captcha by entering the captcha code there,
- At last tap/click on View Result, that’s it.
Method II – Check City Hotel Limited IPO Result using Global IME Capital Site
You can check out the IPO Result of any Company from the Issue Manager Site. Here the IPO of City Hotel is managed by Global IME Capital. So, we can check this CDSC IPO Result this way,
- Visit the Global IME Capital site and go to the IPO Result Section,
- Now from the drop-down find the City Hotel LTD. There,
- In the next box enter your 16-digit BOID (DEMAT Account Number),
- Now verify the captcha and tap on Check,
- That’s it.
Allotted: You are the lucky one to get a share of that company.
Not Allotted: You are not the lucky one to get a share of that company.
