Hotel Forest Inc. Opens IPO Subscription for General Public Today
Summary
Hotel Forest Inc. opens its IPO subscription for the general public, offering 3.32 million shares priced at NPR 100 each, following prior allotments to foreign-employed Nepalis, mutual funds, and employees.
Key Points
- Hotel Forest Inc. has opened its IPO subscription for the general public starting today.
- The company received approval to issue 4 million shares worth NPR 400 million in total.
- Previously, shares were allotted to Nepalis working abroad, mutual fund schemes, and company employees.
- The remaining 3.32 million shares are available at NPR 100 each, with subscriptions closing between Magh 26 and Falgun 8.
