IPO Proposal of Hotel Park Land Added to SEBON's Pipeline
Summary
Hotel Park Land Limited has proposed an IPO to issue 15 lakh shares to raise Rs. 15 crore, pending approval from SEBON. Citizens Capital Limited is the issue manager, and CARE Ratings Nepal has assigned a moderate risk issuer rating to the company.
Key Points
- Hotel Park Land Limited has added its IPO proposal to SEBON's pipeline.
- The company plans to issue 15 lakh shares at Rs. 100 per share to raise Rs. 15 crore.
- Citizens Capital Limited is appointed as the issue manager for the IPO.
- CARE Ratings Nepal Limited assigned a ‘CARE-NP BB- (Is)’ rating, indicating moderate default risk.
- Hotel Park Land Limited is a hospitality company based in Chitwan, operating a 32-room hotel with hall and swimming pool.
