Kathmandu. The IPO of Chandragiri Hills Limited will be distributed on Friday.

The company's IPO has received 17.57 times more applications than the demand. A total of 1,251,938 applicants have applied for the purchase of 2,44,29,840 shares. The company has sold 1.396 million shares to the public through public issue from January 8 to 9.

Of the total 15 lakh 34 thousand 91 lots allotted to the public, 61 thousand 364 lots have been reserved for employees and 76 thousand 705 lots for collective investment funds. As 17 times more applications were received for the IPO of this company, it will be distributed through round robin.

Out of the eligible applicants, 139,602 will get shares at the rate of 10 lots. The remaining two lots will be given to two more people at the rate of one lot.