IPO for General Public: Hotel Forest Inn Limited Company Issue 33,20,000 Units IPO Shares from Today
Summary
Hotel Forest Inn Limited has launched its IPO issuing 3,320,000 shares to the general public starting 22nd Magh 2082, with plans for a 5-star Holiday Inn hotel in Kathmandu.
Key Points
- Hotel Forest Inn Limited has opened its IPO for 3,320,000 shares to the general public starting from 22nd Magh, 2082.
- The total issued capital of the company is Rs. 2 Arba, with 20% of shares allocated for public issuance.
- The company is constructing a 5-star hotel branded under Holiday Inn in Budhanilkantha, Kathmandu, with expected operation to start in October 2023.
- NIC Asia Capital Limited is managing the IPO, and CARE Ratings Nepal Limited has rated the company's long-term bank facilities as ‘CARE-NP BB-’.
